Belgium Industrial production February 2016


Belgium: Industrial production contracts in February

February 26, 2016

In February, industrial production contracted a seasonally-adjusted 2.1% over the previous month, contrasting with the 6.3% expansion reported in January.

In annual terms, industrial production in February expanded a healthy 8.1%, which marked a clear acceleration from the 2.7% increase recorded in January. Meanwhile, annual average growth increased from 0.4% in January to 1.4% in February.

FocusEconomics Consensus Forecast panelists expect that industrial output will expand 2.3% in 2016, which is up 0.5 percentage points from last month’s forecast. For 2017, the panel sees industrial production picking up to a 2.7% increase.

Author: Jean-Philippe Pourcelot, Economist

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Belgium Industrial production Chart

Belgium Industry February 2016 0

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

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