Belgium: Industrial production contracts in August
October 23, 2017
In month-on-month terms, industrial production declined a seasonally-adjusted 0.6% in August, contrasting the 2.6% increase in July. The drop reflects a contraction in almost all components, including mining and quarrying, manufacturing and construction.
In annual terms, industrial production rose 4.4% in August, coming in above the 4.1% expansion observed in July. Despite the yearly increase, annual average growth in industrial production moderated from 3.5% in July to 3.0% in August.
Author: Lindsey Ice, Economist