Belgium Industrial production June 2020


Belgium: Industrial activity drops again in June

August 11, 2020

Industrial output collapsed 10.5% in June, which was a deterioration from May's 5.3% decrease.

The notable drop was partly driven by a severe deterioration in manufacturing output. Contrastingly, the mining and quarrying sector saw a small increase.

On a seasonally-adjusted monthly basis, factory output fell 1.4% in June (May: +12.2% mom). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.4% in June, contrasting May's plus 1.3% reading.

FocusEconomics Consensus Forecast panelists expect industrial output to decline 8.9% in 2020, which is down 1.5 percentage points from last month’s forecast, and to expand by 4.6% in 2021.


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Belgium Industrial production Chart

Belgium Industry June 20 20

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

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