In August, industrial production expanded 7.1% over the same month last year, which came in above the 4.4% annual increase registered in July.The reading marked the sixth consecutive month of positive growth in the industrial sector. The acceleration observed in August was mainly the result of faster growth in the manufacturing sector (July: +6.2% year-on-year; August: +10.3% yoy), as well as in electricity, gas and water supply (July: +1.9% yoy; August: +3.8% yoy). A month-on-month analysis confirms the strong expansion suggested by the annual figures, as industrial output rose a seasonally adjusted 0.1% in August (July: -0.8% mom). The trend continues to improve, with annual average variation in industrial production rising from minus 1.5% in July to a flat reading in August, which is finally scratching positive territory after 21 consecutive months mired in recession.
Industrial output accelerates in August
October 21, 2010
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Belgium Economic News
October 21, 2016
The business confidence index produced by the National Bank of Belgium (NBB) rose from minus 2.2 points in September to minus 1.8 points in October.
Belgium: Business confidence recovers timidly but consumer confidence deteriorates further in September
September 23, 2016
The business confidence index produced by the National Bank of Belgium (NBB) rose from minus 3.1 points in August to minus 2.2 points in September.
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.
August 31, 2016
In the second quarter of 2016, GDP increased a seasonally-adjusted 0.5% over the previous quarter, according to comprehensive data released by the National Bank of Belgium (NBB) on 31 August.
August 25, 2016
In June, industrial production increased a seasonally-adjusted 2.0% over the previous month, which contrasted the 0.4% contraction in May.