Belgium Industrial production August 2022

Belgium

Belgium: Industrial activity falls at sharper pace in annual and monthly terms in August

October 10, 2022

Industrial production plunged 10.4% year-on-year in calendar-adjusted terms in August (July: -5.3% c.a. yoy). August's figure was partly due to a deterioration in manufacturing output. Meanwhile, energy output continued to fall at a sharp pace.

On a seasonally adjusted monthly basis, industrial output nosedived 6.1% in August (July: +1.5% mom), the worst result since April 2020. Meanwhile, annual average industrial production growth fell to 3.0% in August (July: +5.2%), which marked an over one-year low.

FocusEconomics Consensus Forecast panelists expect industrial output to fall by 1.7% in 2022, which is down 0.9 percentage points from last month’s forecast, and contract by 1.4% in 2023.


Author:

Sample Report

Looking for forecasts related to Industrial production in Belgium? Download a sample report now.

Download




Belgium Economic News

More news

Search form