Belgium Industrial production August 2020


Belgium: Industrial activity falls at sharper pace in August

October 9, 2020

Industrial production collapsed 6.5% year-on-year in seasonally-adjusted terms in August (July: -0.9% s.a. yoy).

The figure was partly due to a sharper drop in manufacturing production. In addition, energy output fell severely.

On a seasonally-adjusted monthly basis, factory output rose at a more moderate pace of 0.2% in August (July: +3.3% mom). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.4% in August, down from July's minus 0.5%.

FocusEconomics Consensus Forecast panelists expect industrial output to increase 10.5% in 2021, which is down 1.6 percentage points from last month’s forecast. In 2022, the panel expects it to expand by 4.6%.


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Belgium Industrial production Chart

Belgium Industry August 20 20

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

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