Belgium Industrial production September 2019


Belgium: Industrial production accelerates in September

November 25, 2019

In September, industrial output expanded 6.0% on an annual and seasonally adjusted basis, accelerating from August’s revised 3.6% upturn (previously reported: +3.0% year-on-year seasonally adjusted). A breakdown by Belgium’s Statistical Institute reveled a rebound in manufacturing, coupled with blistering growth in supply of electricity, drove the monthly increase.

Annual average industrial output growth, meanwhile, inched up to 3.3% from 2.7% in August.

On a seasonally-adjusted basis, however, industrial output fell 1.8% from a month earlier (August: +5.6% month-on-month s.a.).

FocusEconomics Consensus Forecast panelists expect industrial output to expand 4.6% in 2020, which is up 0.1 percentage points from last month’s forecast, and 2.6% in 2021.


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Belgium Industrial production Chart

Belgium Industry September 2019

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

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