Belgium: Industrial output drops at sharpest pace since December 2024 in May
Latest reading: Industrial output fell 2.7% in month-on-month seasonally adjusted terms in May, which was a larger contraction than April’s 0.6% decrease. The figure marked the worst reading since December 2024 and was due to a sharper drop in manufacturing output plus a decline in mining and quarrying production.
On an annual basis, industrial output dove 7.3% in May, which was well below April’s 2.4% fall and marking the worst result since December 2024. Moreover, the trend pointed down, with the annual average variation of industrial production coming in at minus 2.2% in May, down from April’s minus 1.7% reading.