Belgium Industrial production April 2022

Belgium

Belgium: Industrial output contracts at sharpest pace since December 2020 in April

June 10, 2022

Industrial production dropped 0.2% year on year in calendar-adjusted terms in April (March: +4.9% c.a. yoy). The outturn marked the worst reading since December 2020. April's notable weakening was partly due to a deterioration in manufacturing output growth. Meanwhile, energy output dropped at a more moderate pace.

On a monthly basis, industrial output dropped 0.6% in seasonally-adjusted terms in April, contrasting March’s 0.5% expansion. Meanwhile, annual average industrial production growth fell to 13.4% in April (March: +16.2%). This signals a worsening trend in the industrial sector.

FocusEconomics Consensus Forecast panelists expect industrial output to fall 1.3% in 2022, which is down 0.9 percentage points from last month’s forecast, and grow 0.8% in 2023.


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Belgium Industry April 2022

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


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