Belgium Industrial production May 2018


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.

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%.


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Belgium Industrial production Chart

Belgium Industry May 2018

Note: Month-on-month changes of seasonally adjusted industrial production and annual growth rate in %.
Source: Statistics Belgium

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