Belgium: Industrial production growth accelerates in July
September 23, 2016
In July, industrial production increased a seasonally-adjusted 1.9% over the previous month, which was above the 1.2% registered in June and represented a 6-months high. The increase came despite two of the three components registering contractions; only the manufacturing component posted a positive reading in July.
In annual terms, industrial production expanded 0.9% in July, coming in far below the 5.2% rise in June. Meanwhile, annual average growth edged up from 3.0% in June to an over four-year high of 3.2% in July.
Author: Christopher Mc Innes, Economist