In February, industrial production expanded 13.4% over the same month last year, which was above the 12.6% increase observed in January. The February result marked the second consecutive month of double-digit growth in industrial output. Strong growth in construction as well as in electricity, gas and water supply were the main drivers behind the monthly increase. A month-on-month comparison confirms the strong growth suggested by the annual data, as industrial output grew a seasonally adjusted 2.6% over the previous month (January: +2.2% month-on-month). The trend continues to point to a healthy recovery in the industrial sector, with the annual average variation in industrial output rising from 7.1% in January to 8.3% in February. Meanwhile, the Central Bank anticipates the economy will grow 1.8% this year, while the Federal Planning Bureau expects economic activity to grow 2.0%.
Industrial production soars in February
April 26, 2011
Looking for forecasts related to Industry in Belgium? Download a sample report now.
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.