In March, industrial production expanded 7.0% over the same month last year, which represented a notable slowdown compared to the 13.4% increase observed in February. That said, the March deceleration partially reflected the waning effect of a low base of comparison. The slowdown observed in March was broad based, with manufacturing output and construction activity decelerating markedly over the previous month. In contrast, electricity, gas and water supply contracted over the previous month. A month-on-month comparison, in fact, points to an even steeper deterioration than the deceleration suggested by the annual figures, as industrial output fell a seasonally adjusted 0.5% over the previous month, which contrasted the 2.2% expansion in February. As a result of the March outturn, the trend now points to a moderation in the recovery process of the industrial sector, with annual average growth in industrial output inching down from 8.3% in February to 8.2% in March. Meanwhile, the Central Bank anticipates the economy will grow 2.0% this year, which is in line with the Federal Planning Bureau estimate that has the economy growing 2.0% this year.
Industrial production moderates in March
May 25, 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.
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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.