Belgium city from above

Belgium Industrial production March 2021

Belgium: Industrial output growth improves in March

Industrial output rose 1.7% year-on-year in calendar-adjusted terms in March, following February’s 1.4% increase. March’s pick up was largely due to a notable rebound in both mining and manufacturing production. In contrast, energy output lost steam.

On a seasonally-adjusted monthly basis, industrial production fell at a more pronounced rate of 4.0% in March (February: -3.3% mom), the worst result since April 2020. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 2.8%, up from February’s minus 3.2%.

Going forward, Q2’s readings should show notable annual growth amid a very favorable base effect, which will fade away in the second half of the year.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest