Belgium Industrial production June 2021

Belgium

Belgium: Industrial output gains traction in June

August 10, 2021

Industrial output grew 23.2% year-on-year in calendar-adjusted terms in June (May: +19.5% c.a. yoy). The notable pick up was largely due to an improvement in manufacturing production and energy output.

On a monthly basis, industrial output grew 0.9% in seasonally-adjusted terms in June, rebounding from May’s 0.1% fall. Meanwhile, the trend improved notably, with the annual average growth of industrial production coming in at plus 7.9% in June, up from May's 5.0% reading.

FocusEconomics Consensus Forecast panelists expect industrial output to rise 4.5% in 2021, which is unchanged from last month’s forecast. In 2022, the panel expects it to expand by 2.9%.


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Belgium Industrial production Chart


Belgium Industry June 2021

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


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