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Belgium Industrial production June 2020

Belgium: Industrial activity drops again in June

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.

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