Belgium:
Industrial output grew 1.0% year on year in calendar-adjusted terms in February, which contrasted January’s 6.8% decrease. Looking at the details of the release, February’s pickup was broad-based. Manufacturing and energy production accelerated, while mining and quarrying activity contracted at a softer rate.
On a seasonally adjusted monthly basis, industrial output rose 6.1% in February (January: -3.8% mom). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 2.4%, down from January’s minus 1.8% reading.