Belgium Industrial production November 2015


Belgium: Growth in industrial production accelerates in November

January 25, 2016

In November, industrial production rose a seasonally-adjusted 1.4% over the previous month. The increase came in above the revised 0.9% increase reported in October (previously reported: +1.2% month-on-month).

In annual terms, industrial production in November expanded 4.1%, which contrasted the 0.8% drop recorded in October. As a result, annual average growth swung from a 0.6% drop to a flat reading in November.

FocusEconomics Consensus Forecast panelists expect that industrial output will expand 1.9% in 2016, which is down 0.2 percentage points from last month’s forecast. For 2017, the panel sees industrial production picking up to a 2.2% increase.

Author: Jean-Philippe Pourcelot, Economist

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Belgium Industrial production Chart

Belgium Industry November 2015

Note: Month-on-month changes of seasonally adjusted industrial production and annual growth rate in %.
Source: Statistics Belgium

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