Belgium: Industrial output lands flat in May
July 25, 2018
In May, industrial output grew 1.2% from a month earlier in seasonally-adjusted terms, rebounding from April’s 0.8% contraction. May’s gains were broad-based, driven by increases across the extractive, manufacturing and utilities sectors.
In annual terms, industrial output dipped 0.1% from the same month a year earlier, contrasting April’s revised 5.6% reading (previously reported: +7.0% year-on-year). Meanwhile, annual average industrial output growth fell to 2.4%, down from 3.1% in April.
Beginning in March, the industrial production index was rebased using 2015 as its reference year (previously: 2010), explaining any variation from earlier releases.
Author: Christopher Thomas, Economist