Belgium business confidence weakens in May

Market news

24 May 2019

Belgium business confidence weakens in May

National Bank of Belgium (NBB) reported on Friday its latest business survey revealed Belgium business confidence edged down to -3.6 in May from -3.2 in the previous month. That marked the worst reading since March 2016.

Economists had forecast the reading o come in at -2.

According to the survey, confidence weakened among traders (to -8.1 in May from -3.6 in April), manufacturers (to -6.6 from -6.1) and service providers (to 3.4 from 5.7).

On the contrary, confidence improved for constructors (to 4.0 from 0.5).

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