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