Belgium Industrial production August 2016

Belgium

Belgium: Industrial production falls in August

October 25, 2016

In August, industrial production fell a seasonally-adjusted 3.5% from the previous month, which contrasted the revised 1.8% registered in July (previously reported: +1.9% month-on-month) and represented an eight-month low. The decrease came despite a strong increase in the mining sector, while production in the energy and manufacturing sectors dropped.

In annual terms, industrial production expanded 5.2% in August, coming in far ahead of the 0.9% rise in July. Meanwhile, annual average growth edged up from 3.2% in July to an over four-year high of 3.4% in August.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 2.9% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees industrial production growth slowing to 2.3%, which is up 0.1 percentage points from last month’s forecast.


Author:, Economist

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