Belgium: Industrial output expands in April
June 25, 2018
In April, industrial output grew 0.4% from a month earlier in seasonally-adjusted terms, easing from March’s revised 2.1% monthly expansion (previously reported: +1.9% month-on-month). April’s gains were driven by the extractive and utility sectors, while the manufacturing sector was broadly stable from a month earlier.
In annual terms, industrial output rose 7.0% in April, contrasting March’s revised 0.3% contraction (previously reported: -0.4% year-on-year). Meanwhile, annual average industrial output grew 3.2%, up from 2.3% in March.
Beginning in March, the industrial production index was rebased using 2015 as its reference year (previously: 2010), explaining any variation from earlier releases.
Belgium Industrial Production Forecast
FocusEconomics Consensus Forecast panelists expect industrial output to expand 3.7% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, the panel sees industrial production growth moderating to 2.9%.
Author: Christopher Thomas, Economist