Belgium business confidence increased to -0.7 in March of 2019 from -1.7 in the previous month and above market expectations of -2.0. It is the highest reading since November 2018, as confidence improved among manufacturers (-3.1 from -4.6 in February); traders (-5.9 from -6.8) and service providers (5.3 from 5.1). On the other hand, confidence worsened among constructors (5.2 from 5.5). Business Confidence in Belgium averaged -7.09 Index Points from 1980 until 2019, reaching an all time high of 9.20 Index Points in March of 2000 and a record low of -31.80 Index Points in March of 2009.
Business Confidence in Belgium is expected to be -1.80 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Belgium to stand at -3.50 in 12 months time. In the long-term, the Belgium Business Confidence is projected to trend around -6.50 Index Points in 2020, according to our econometric models.