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Belgium Industrial production April 2020

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

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%.

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