FX.co ★ Belgium’s Business Sentiment Slips Further in August, NBB Indicator Falls to -13.2

Belgian business confidence deteriorated in August 2026, with the National Bank of Belgium’s (NBB) business climate index declining to -13.2 from -11.9 in July 2026. The latest reading, updated on 25 August 2026, signals a further weakening in sentiment among Belgian firms.

The move deeper into negative territory suggests that companies are becoming more cautious about their current situation and near-term prospects. While the index was already below zero in July—indicating prevailing pessimism—August’s drop points to mounting concerns across the business sector.

Investors and policymakers will be watching upcoming data closely to see whether this downturn in sentiment stabilizes or feeds into broader economic indicators such as output, hiring, and investment intentions.