In October, industrial production grew 5.6% over the same month last year. The reading represented a notable slowdown compared to the 8.1% expansion observed in the previous month but nonetheless represented the eighth consecutive month of positive growth in the industrial sector. The slowdown observed in October was broad-based. Manufacturing grew 8.3% annually (September: +11.0% year-on-year) while mining and quarrying contracted 4.7% (September: +0.3% year-on-year) and electricity, gas and water supply declined 2.9% (September: +4.1% yoy). Only the construction sector continued to grow at virtually the same pace as in the previous month, increasing 0.9% year-on-year (September: +0.8% yoy). A month-on-month assessment confirms the deceleration suggested by the annual figures, as industrial production grew a seasonally adjusted 0.6% in October, less than half the 1.3% increase observed in September. While industrial output slowed in October, the trend continues to point upwards, with annual average variation in industrial production jumping from 1.8% in September to 3.2% in October, which represented the fastest pace since October 2007.
Industrial output growth slows in October
December 20, 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.