Belgium Industrial production


Belgium: Industrial production expands in January

March 25, 2015

In January, industrial production rose a seasonally-adjusted 0.9% over the previous month. The reading contrasted the notable 1.8% contraction registered in December. January’s result reflected a broad-based improvement across industries.

In year-on-year terms, industrial production fell 1.4%, which marked a deterioration over December’s 0.7% contraction. As a result of this deceleration, annual average growth in industrial output ticked down from 0.8% in December to 0.4% in January.

FocusEconomics Consensus Forecast panelists expect that industrial output will expand 1.4% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees industrial production slowing down to 2.5% increase.

Author: Angela Bouzanis, Senior Economist

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Belgium Industrial production Chart

Belgium Industry January 2015

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

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