FX.co ★ Belgium Business Confidence Improves in May

In May 2025, Belgium's business confidence barometer experienced a rise of 1.2 points, reaching -13.5, compared to -14.7 in April. The trade sector saw a notable rebound in confidence, improving to -10.9 from -17, fueled by significantly stronger demand expectations and anticipated increases in supplier orders. The building industry also displayed a marked recovery, advancing to -7.5 from -13.1, bolstered by healthier order books and more optimistic demand forecasts. Confidence in business-related services showed a slight uptick, climbing to -9 from -9.3, indicating a more positive outlook for future activity and general market demand. In contrast, confidence in manufacturing remained steady at -16.1.