Belgium: Business Confidence Remains Subdued in March.

Belgium's business confidence indicator remained subdued at -13.7 points in March 2026, unchanged from February and better than the -14.1 forecast. In the building industry, confidence fell 4.6 points to -11.7 as business leaders assessed total order books more negatively and expected demand to decline faster. Business-related services saw confidence decline for the fourth straight month, down 2.0 points to -6.3, with leaders viewing current activity more favorably but future prospects considerably more pessimistically. Manufacturing confidence remained near its low level last month, edging up 1.0 point to -17.1, with stock levels assessed somewhat more positively. The trade sector rose sharply, rising 7.0 points to -10.9, driven by substantial improvement in demand expectations.