Belgium Industrial production August 2021


Belgium: Industrial output growth speeds up in August

October 11, 2021

Industrial production rose 29.9% year-on-year in calendar-adjusted terms in August (July: +29.5% c.a. yoy). The reading was primarily driven by quicker industrial production growth.

On a seasonally-adjusted monthly basis, industrial production rose at a softer pace of 0.1% in August (July: +0.6% mom s.a.), the lowest result since February. Meanwhile, annual average industrial production growth rose to 13.5% in August (July: +10.6%). This signals an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists expect industrial output to rise 9.8% in 2021, which is up 2.9 percentage points from last month’s forecast. In 2022, the panel expects it to expand by 1.4%.


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Belgium Industrial production Chart

Belgium Industry August 2021

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

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