Belgium Industrial production April 2020


Belgium: Industrial production contracts at sharpest pace on record in April

June 10, 2020

Industrial production slid 23.5% on an annual basis in April (March: -3.2% year-on-year). April's result marked the worst reading on record. April's figure reflected plunging output in the manufacturing and mining sectors.

On a monthly basis, factory output dived 15.5% in seasonally-adjusted terms in April, which was well below March’s 5.7% fall. The reading marked the worst result on record. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at an over one-year low of 1.5%, down from March's 4.2%.

FocusEconomics Consensus Forecast panelists expect industrial output to decline 7.4% in 2020, which is up 0.1 percentage points from last month’s forecast, and to expand by 4.0% in 2021.


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Belgium Industrial production Chart

Belgium Industry April 20 20

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

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