Belgium: Industrial production increases in February
April 26, 2017
Belgian industrial production in February rose a seasonally adjusted 3.7%, contrasting January’s revised 4.6% fall (previously reported: -4.9% month-on-month). The increase was driven by significant expansions in the mining and quarrying and manufacturing sub-sectors, contrasting the decline observed in the gas, steam and air conditioning supply sub-sector.
In annual terms, industrial production grew 2.0% in February, down from January’s revised 3.1% (previously reported: 3.0%). Meanwhile, annual average growth in industrial production dipped from 4.7% in January to 4.2% in February.
Author: Oliver Reynolds, Economist