Belgium: Industrial production rises in December
February 24, 2017
Industrial production in December increased a seasonally adjusted 4.1% from the previous month, the fastest rise since January 2016 and up from the revised 0.9% increase recorded in November (previously reported: +1.0% month-on-month). The rise was mainly driven by an expansion in the manufacturing sub-sector, while the mining and quarrying and electricity, gas, steam and air conditioning supply sub-sectors declined compared to November.
In annual terms, industrial production jumped 9.8% in December, up from November’s revised 1.3% rise (previously reported: +1.4% year-on-year). Meanwhile, annual average growth rose from 3.7% in November to 4.5% in December.
Author: Oliver Reynolds, Economist