Belgium Industrial production January 2021


Belgium: Industrial output bounces back in January

March 10, 2021

Industrial output rose 3.8% year-on-year in calendar adjusted terms in January, which contrasted December's 3.9% decrease. January's turnaround largely reflected an improvement in manufacturing and mining and quarrying output.

On a monthly basis, industrial production rose 3.1% in seasonally-adjusted terms in January, rebounding from December’s 1.5% fall. Meanwhile, the trend improved modestly, with the annual average variation of industrial production coming in at minus 3.4%, up from December's minus 3.7%.

FocusEconomics Consensus Forecast panelists expect industrial output to rise 1.7% in 2021, which is unchanged from last month’s forecast. In 2022, the panel expects it to expand by 3.1%.


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Belgium Industrial production Chart

Belgium Industry January 2021 2

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

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