Belgium Industrial production July 2019

Belgium

Belgium: Industrial production muted in July

September 25, 2019

Industrial output slowed to 0.6% on a year-on-year seasonally-adjusted basis in July, markedly below June’s 11.6% outturn, which had marked the fastest expansion since July 2010. A breakdown by Belgium’s Statistical Institute reveled that a contraction in manufacturing drove the monthly slowdown. On a brighter note, mining activity recovered slightly.

Annual average industrial output growth, meanwhile, rose to 2.7% from a 2.5% in June.

On a seasonally-adjusted basis, industrial output dived 6.5% from a month earlier (June: +5.4% month-on-month seasonally adjusted).

FocusEconomics Consensus Forecast panelists expect industrial output to expand 4.4% in 2019, which is up 0.6 percentage points from last month’s forecast, and 1.9% in 2020.


Author:, Economist

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Belgium Industrial production Chart


Belgium Industry July 2019

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


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