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.