Belgium: Industrial production falls at a faster clip in March
Latest reading: Industrial production—excluding construction—declined 3.0% in seasonally adjusted month-on-month terms in March, following a 0.1% drop in the previous month. March’s reading was the weakest since December 2024.
Relative to the prior month’s data, the reading for manufacturing softened in March (-3.1% in seasonally adjusted month-on-month terms vs +1.7% in February). In contrast, readings improved for electricity, gas, steam and air conditioning supply (-4.2% vs -13.8% in February) and mining and quarrying (+0.2% vs -3.5% in February).
In calendar-adjusted year-on-year terms, industrial production—excluding construction—rose 0.3% in March, following a 5.9% increase in the prior month.