Belgium: Industrial production falls in September
November 30, 2016
In September, industrial production fell a seasonally-adjusted 1.0% from the previous month, worsening from the 0.7% decrease registered in August to hit a four-month low. The decrease was mainly driven by a drop in the manufacturing sector and a sharp deceleration in mining activity.
In annual terms, industrial production expanded 3.8% in September, coming in far below the 10.4% rise recorded in August. Meanwhile, annual average growth edged up from 4.0% in August to an over five-year high of 4.3% in September.
Author: Andrea Vetrugno, Economist