FX.co ★ Belgium's Business Climate Dips Further in October 2025

The latest figures from Belgium's National Bank (NBB) paint a challenging picture for the country's business environment, as the Business Climate Indicator has dropped noticeably. According to the most recent data updated on October 24, 2025, the business climate index has fallen from -7.9 in September to a more concerning -9.1 in October.

This shift signals increasing pessimism among businesses operating in Belgium, as the current indicator suggests a decline in business confidence. This downturn raises questions about future economic growth and the potential hurdles for businesses in the upcoming months.

The dip in the business climate index is a critical barometer for Belgium's economic health and indicates potential challenges that companies may face, including declines in demand and investment. As the nation navigates these economic headwinds, policymakers and business leaders must closely monitor the situation to strategize and mitigate potential adverse impacts.