Belgium Industrial production July 2018

Belgium

Belgium: Industrial output rebounds in July

September 25, 2018

In July, industrial output rose 1.4% from a month earlier in seasonally-adjusted terms, rebounding from June’s revised 2.6% monthly drop (previously reported: -2.7% month-on-month). July’s increase mainly reflected the robust expansions in production in the manufacturing and water collection, treatment and supply sectors.

In annual terms, industrial output climbed 3.3% in July, contrasting June’s revised 1.5% decline (previously reported: -2.3% year-on-year). Meanwhile, annual average industrial output ticked down from 2.1% in June to 2.0% in July, the lowest reading in over two years.

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 1.7% in 2018, which is down 0.6 percentage points from last month’s forecast. For 2019, the panel sees industrial production growth at 3.1%, down 0.1 percentage points from last month’s estimate.


Author:, Economist

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Belgium Industrial production Chart


Belgium Industry July 2018

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


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