In February, industrial production declined 5.6% over the same month last year, which followed the 0.1% contraction observed in January. The February print marked the sharpest contraction since October 2009. A month-on-month assessment confirms the deteriorations suggested by the annual figures, as industrial production declined a seasonally adjusted 0.1% over the previous months, which followed the 1.3% drop tallied in January. The trend continues to point downwards, with annual average growth in industrial output falling from 3.3% in January to 2.3% in February. The Federal Planning Bureau predicts that the economy will grow only 0.1% this year, which is a downward revision of its previous 1.6% estimate. Meanwhile, the National Bank of Belgium expects that the economy will contract 0.1% this year.
Industrial production records largest contraction since October 2009
April 24, 2012
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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.