In August, industrial production increased a seasonally adjusted 2.6%over the previous month, which came in below the 2.8% expansion recorded in July. The reading marked the second consecutive monthly expansion. Compared to the same month last year, however, industrial production declined 2.4% in August, which contrasted the 2.3% expansion recorded in July and represents the sharpest decline since May. As a result, the trend continues to point downwards, with annual average industrial production contracting 2.2% in August, down from a 1.4% drop in July. The Federal Planning Bureau expects the economy to contract 0.1% this year. For 2013, the Bureau sees the economy growing 0.7%.
Industrial production increases in August
October 24, 2012
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Belgium Industry Chart
Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: National Bank of Belgium (NBB) and FocusEconomics calculations.
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.
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.
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.
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.