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Belgium Industrial production August 2019

Belgium: Industrial production accelerates in August

Industrial output jumped to 3.0% on a year-on-year seasonally-adjusted basis in August, above July’s 0.6% outturn. A breakdown by Belgium’s Statistical Institute reveled a rebound in manufacturing, coupled with upbeat supply of electricity, drive the monthly increase.

Annual average industrial output growth, meanwhile, inched up to 2.8% from a 2.7% in July.

On a seasonally-adjusted basis, industrial output rebounded by 5.1% from a month earlier (July: -6.5% month-on-month seasonally adjusted).

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