FX.co ★ Belgium's NBB Business Climate Shows Notable Improvement in January

In a significant development for Belgium's economic landscape, the National Bank of Belgium (NBB) Business Climate Indicator has demonstrated a promising upturn. According to the latest data released on January 26, 2026, the indicator climbed from a negative -11.9 in December 2025 to a less severe -8.8 in January 2026.

The NBB Business Climate Indicator, which measures the level of confidence among Belgian businesses, has shown a marked improvement, suggesting an optimistic start for the country's economic activities as the new year unfolds. The January data reveals businesses are gaining confidence, marking a positive shift after previously grappling with more significant challenges.

Economists in Belgium attribute this improvement to a combination of factors, including stabilizing market conditions and better-than-expected business performances across various sectors. While the indicator remains in negative territory, the notable increase signifies that business sentiment is moving in the right direction, potentially paving the way for further recovery and economic growth in the upcoming months.