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Belgium Industrial production December 2023

Belgium: Industrial output dips in December

Industrial output decreased 2.3% year on year in calendar-adjusted terms in December, which contrasted November’s 3.9% increase. The reading reflected a broad-based downturn across the major sectors, with manufacturing, energy and mining and quarrying all contracting in December.

On a seasonally adjusted monthly basis, industrial production fell 3.2% in December (November: +1.0% mom). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.8% in December, contrasting November’s plus 0.3% reading.

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