Belgium: Industrial production falls at a softer clip in June
Latest reading: Industrial production—excluding construction—declined 1.0% in seasonally adjusted month-on-month terms in June, following a 1.9% drop in the previous month.
Relative to the prior month’s figures, readings in June improved for manufacturing (-1.1% in seasonally adjusted month-on-month terms vs -2.4% in May), electricity, gas, steam and air conditioning supply (-1.4% vs -1.9% in May) and mining and quarrying (-1.8% vs -4.4% in May).
In calendar-adjusted year-on-year terms, industrial production—excluding construction—fell 2.8% in June, following a 4.6% increase in the prior month.