Belgium Industrial production December 2019


Belgium: Industrial production growth rises to a near decade-high at the end of 2019

February 25, 2020

In December, industrial production soared 11.7% on an annual- and seasonally-adjusted basis, up from November’s downwardly revised 1.8% rise (previously reported: +2.2%) and marking the best result since October 2010. A marked rebound in manufacturing output, coupled with an upbeat electricity and utilities supply sector were behind the pick-up, according to a breakdown by Belgium’s Statistical Institute on 25 February.

Annual average industrial output growth, meanwhile, rose to 4.8% from 3.8% in November.

On a seasonally-adjusted basis, industrial output rose 4.4% from a month earlier (November: +0.8% month-on-month s.a.).

FocusEconomics Consensus Forecast panelists expect industrial output to expand 4.3% in 2020, which is unchanged from last month’s forecast, and 1.8% in 2021.

Author:, Economist

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Belgium Industrial production Chart

Belgium Industry December 2019

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

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