The National Bank of Belgium (NBB) released its business survey on Friday. The business climate rise to -4.0 in October from -6.8 in September.

All indicators increased in October.

The business climate index for the manufacturing sector climbed to -5.6 in October from -8.7 in September due to more favourable assessments of stock levels, and total order books, and more optimistic employment forecasts.

The business climate index for the services sector was up to 7.2 in October from 3.3 in September due to a more positive outlook for firms' own activity.

The business climate index for the building sector increased to -8.5 in October from -9.0 in September due to a rise in new orders.

The business climate index for the trade sector rose to -4.3 in October from -6.5 in September due to an increase in staff numbers and higher orders.