Belgium Industrial production February 2020


Belgium: Industrial production accelerates in February before imminent downturn in March.

April 24, 2020

In February, industrial production growth accelerated to 2.4% on an annual- and seasonally-adjusted basis, from a revised 0.3% expansion in January (previously reported: +0.5% year-on-year s.a.). According to the Statistical Institute, the pick-up reflected a rebound in manufacturing output and soaring utilities supply.

Annual average industrial output growth, meanwhile, eased to 4.3% from 4.5% in January.

On a seasonally-adjusted basis, industrial output rose 1.3% from a month earlier (January: -4.0% month-on-month s.a.).

FocusEconomics Consensus Forecast panelists expect industrial output to decline 4.4% in 2020, which is unchanged from last month’s forecast, and to expand by 1.1% in 2021.

Author:, Economist

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Belgium Industrial production Chart

Belgium Industry February 20 20

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

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