Belgium Industrial production May 2019

Belgium

Belgium: Industrial production growth slows in May

July 25, 2019

Industrial output increased 2.5% on a year-on-year seasonally-adjusted basis in May, down from April’s 5.7% result, which had marked the fastest expansion in 28 months. A breakdown by Belgium’s Statistical Institute revealed that muted manufacturing production and a sharper fall in mining output were behind the slowdown.

Annual average industrial output growth, meanwhile, was stable at the previous month’s 1.6% in May.

On a seasonally-adjusted basis, industrial output fell 1.1% from a month earlier (April: +3.2% month-on-month seasonally adjusted).

FocusEconomics Consensus Forecast panelists expect industrial output to expand 3.5% in 2019, which is up 0.8 percentage points from last month’s forecast, and 2.1% in 2020.


Author:, Economist

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Belgium Industrial production Chart


Belgium Industry May 2019

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


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