Belgium Industrial production June 2019


Belgium: Industrial production growth soars to near-nine-year high in June

August 23, 2019

Industrial output rose 11.6% on a year-on-year seasonally-adjusted basis in June, accelerating from May’s downwardly revised 2.0% increase (previously reported: +2.5% year-on-year seasonally adjusted), marking the fastest expansion since July 2010. A breakdown by Belgium’s Statistical Institute revealed that buoyant manufacturing activity, coupled with double digit growth in electricity supply, stoked industrial production in June.

Annual average industrial output growth, meanwhile, jumped to 2.5% from a 1.4% in May.

On a seasonally-adjusted basis, industrial output rebounded by 5.4% from a month earlier (May: -1.1% month-on-month seasonally adjusted).

FocusEconomics Consensus Forecast panelists expect industrial output to expand 3.8% in 2019, which is up 0.3 percentage points from last month’s forecast, and 2.2% in 2020.


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Belgium Industrial production Chart

Belgium Industry June 2019

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

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