Belgium Industrial production August 2019


Belgium: Industrial production accelerates in August

October 25, 2019

Industrial output jumped to 3.0% on a year-on-year seasonally-adjusted basis in August, above July’s 0.6% outturn. A breakdown by Belgium’s Statistical Institute reveled a rebound in manufacturing, coupled with upbeat supply of electricity, drive the monthly increase.

Annual average industrial output growth, meanwhile, inched up to 2.8% from a 2.7% in July.

On a seasonally-adjusted basis, industrial output rebounded by 5.1% from a month earlier (July: -6.5% month-on-month seasonally adjusted).

FocusEconomics Consensus Forecast panelists expect industrial output to expand 4.5% in 2020, which is up 0.1 percentage points from last month’s forecast, and 2.2% in 2021.


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Belgium Industrial production Chart

Belgium Industry August 2019

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

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