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Belgium Industrial production December 2021

Belgium: Industrial output growth gains steam in December

Industrial output expanded 12.6% year-on-year in calendar-adjusted terms in December (November: +8.5% c.a. yoy). The rise was largely driven by faster growth in manufacturing production and mining output growth. In contrast, energy output swung into contraction.

On a monthly basis, industrial output increased 1.8% in seasonally-adjusted terms in December, rebounding from November’s 4.8% fall and marking the best result since June 2021. Meanwhile, annual average industrial production growth rose to 16.9% in December (November: +15.4%), signaling an improving trend in the industrial sector.

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