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).