Belgium Industrial production October 2021

Belgium

Belgium: Industrial output records lowest growth in eight months in October

November 12, 2021

Industrial output increased 10.8% year-on-year in calendar-adjusted terms in October (September: +18.1% c.a. yoy). The result marked the slowest reading since February, but still marked robust growth. October's weakening was largely due to a more moderate growth in manufacturing production, coupled with a sharper contraction in energy output.

On a monthly basis, industrial production increased 0.1% in seasonally-adjusted terms in October, which was below September’s 0.6% expansion. Meanwhile, the trend improved, with the annual average growth of industrial production coming in at plus 14.5%, up from September's 14.0% reading.

FocusEconomics Consensus Forecast panelists expect industrial output to rise 1.1% in 2022, which is up 0.2 percentage points from last month’s forecast.


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Belgium Industry October 2021

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


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