The National Bank of Belgium (NBB) reported on Monday that business confidence in the country fell for the third consecutive month in June.

According to the report, Belgium business barometer edged down to -4.9 in June from -3.6 in the previous month. It was the worst reading since February 2016.

Economists had forecast improvement to -2.2.

Almost all branches of activity surveyed witnessed the loss of business confidence in June. The only exception was trade, which recorded a sharp recovery (to -0.7 in June from -8.1 in May).