Belgium Industrial production October 2019


Belgium: Industrial production slows in October

December 23, 2019

In October, industrial output expanded 4.9% on an annual and seasonally adjusted basis, decelerating from September’s 8.0% increase. A breakdown by Belgium’s Statistical Institute reveled that a slowdown in manufacturing production, coupled with a deeper contraction in mining output, drove the monthly deceleration.

Meanwhile, annual average industrial output growth logged 3.9% in October, up from 3.5% in September.

On a seasonally-adjusted basis industrial output fell 1.8% from a month earlier (September: -1.0% month-on-month s.a.).

FocusEconomics Consensus Forecast panelists expect industrial output to expand 4.0% in 2020, which is down 0.6 percentage points from last month’s forecast, and 1.8% in 2021.


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Belgium Industrial production Chart

Belgium Industry October 2019

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

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