Belgium: Industrial production growth falls to six-month low in January
In January, industrial production growth slumped to 0.5% on an annual- and seasonally-adjusted basis, from 10.4% in December, its weakest expansion in six months. Muted manufacturing output, coupled with a marked slowdown in utilities supply, drove the deceleration, according to a breakdown by Belgium’s Statistical Institute on 25 March.
Annual average industrial output growth, meanwhile, eased to 4.5% from 4.8% in December.
On a seasonally-adjusted basis, industrial output fell -3.8% from a month earlier (December: +2.6% month-on-month s.a.).
According to the data from Belgium’s Statistical Institute, the industrial production series was revised on 25 March and no longer accounts for industrial activities linked to sewerage, waste management and remediation activities, and water collection, treatment and supply.