Belgium's business confidence improved strongly in November, after declining in the previous month, survey results from the National Bank of Belgium showed on Friday.
The business confidence indicator rose to -4.3 from -7.7 in October. Economists had expected the score to climb to -7.
Among different business sectors, confidence improved in manufacturing and construction industries. Sentiment deteriorated in the business services sector.
The confidence indicator for manufacturing rose to -5.2 from -10.4, largely driven by a much brighter assessment of total order books and the level of stocks.
Better demand projections pushed the construction confidence index to -9.2 from -10.3.
Confidence in the business services sector declined, after improving in the past three months. The index fell to 6 from 7.3. The deterioration was attributable to a downward revision of the forecasts for general market demand and company activity.
Sentiment in the trade sector stabilized in November, after five months of improvement. The index score slightly slipped to -8.8 from -8.9.
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