Belgium Business Confidence Rose for Fourth Consecutive Month in March
March 24 2023 - 10:29AM
Dow Jones News
By Ed Frankl
Confidence among Belgian businesses improved for the fourth
month in a row in March, boosted by demand-driven optimism in the
The business confidence index stood at minus 7.6 in March, from
minus 12.8 in February, data from the National Bank of Belgium
showed Friday, beating expectations of minus 13.0 from economists
polled by The Wall Street Journal.
Confidence rose across all categories polled by the bank's
monthly survey--business-related services, manufacturing, building
and trade. It improved considerably in the services sector, with
firms more optimistic about the progression of their activity
levels and general market demand, the bank said.
In manufacturing, an uptick in sentiment came on a better
employment outlook and an improved assessment of total order
But while trade firms' sentiment ticked up slightly, the trend
remains tentative, with pessimism last month tempered somewhat in
March by a significant improvement in the demand outlook, the bank
Write to Ed Frankl at firstname.lastname@example.org
(END) Dow Jones Newswires
March 24, 2023 10:14 ET (14:14 GMT)
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