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%).
Author: Nicolás J. Aguilar, Economist