Belgium's central bank published its monthly business survey on Monday, which showed that business confidence in the country recovered in March after three consecutive monthly declines.

According to the report, business confidence index increased to -0.7 in March from -1.7 in the previous month. That was the highest reading since November 2018.

Economists had expected the indicator to fall to -2.0. 

Confidence improved among manufacturers (-3.1 this month from -4.6 in February), traders (-5.9 from -6.8) and service providers (+5.3 from +5.1). By contrast, the business confidence worsened marginally in the building industry (+5.2 from +5.5).