Tuesday, the National Bank of Belgium said in a report that the business confidence indicator rose to minus 28.6 in March from minus 31.6 in February. Economists had expected a reading of minus 32.

Manufacturing industrial confidence stood at minus 33.6 in March, up from 36.8 in February.

At the same time, building industry confidence rose to minus 12.9 from minus 17.3 in February.

In the trade sector, the confidence indicator increased to minus 21 from minus 21.3 in February.

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