Belgium Industrial production November 2019

Belgium

Belgium: Industrial production slows in November

January 24, 2020

In November, industrial output expanded 2.2% on an annual and seasonally adjusted basis, down from October’s 5.2% increase. A breakdown by Belgium’s Statistical Institute revealed a fall in manufacturing, coupled with softer growth in supply of electricity, drove the monthly slowdown. On the upside, mining and quarrying contracted at a slower pace in November, while water collection, treatment and supply picked up.

Annual average industrial output growth, meanwhile, inched down to 3.8% from 3.9% in October.

On a seasonally-adjusted basis, however, industrial output rose 1.1% from a month earlier (October: -1.6%).

FocusEconomics Consensus Forecast panelists expect industrial output to expand 4.0% in 2020, which is unchanged from last month’s forecast, and 1.8% in 2021.


Author:, Economist

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Belgium Industrial production Chart


Belgium Industry November 2019 0

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


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