In July, industrial production rose a working-day adjusted 4.0% over the same month last year, which contrasted the 0.7% decline observed in June. The main drivers behind the July improvement included a rebound in manufacturing, particularly in transport equipment manufacturing, and construction activity, which rebounded from a 9.9% contraction in June to a 1.2% increase in July. A month-on-month comparison confirms the improvement suggested by the annual figures, as industrial output grew a seasonally adjusted 0.2% over the previous month, which contrasted the 4.7% decline registered in June. Despite the monthly improvement, the trend continues to point to a moderation in the industrial sector, with annual average growth in industrial production dropping from 8.0% in June to 7.6% in July, which marked the slowest pace in 12 months.
Industrial production improves in July
September 29, 2011
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Belgium Economic News
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.
August 24, 2016
The business confidence index produced by the National Bank of Belgium (NBB) plummeted from plus 1.0 points in July to minus 3.1 points in August.