In March the Business Climate Indicator recovered, standing at a maximum since July 2002.

The confidence indicator in manufacturing industry recovered again, for the third consecutive time. In services, the confidence indicator improved in March, but not enough to offset the fall observed in the previous month. In trade, the confidence indicator improved again, but remained below the peak of the two previous years, which had been reached in October. The recovery observed in March was common to both wholesale and retail trade. In construction and public works, the confidence indicator recovered, to stand at the less unfavourable value since October 2005.