Industry in Belgium
Belgium - Industry
Industrial production expands notably in February
In February, industrial production expanded 0.8% over the previous month in seasonally-adjusted terms. The reading came in above the revised flat reading recorded in January (previously reported: -0.6% month-on-month). February's result primarily reflected a strong expansion in electricity, gas, steam and air conditioning supply as well as in manufacturing output.
Compared to the same month last year, industrial output surged 10.4% in February, which came in above the 4.8% expansion observed in January and marked the fastest pace since May 2011. As a result of the strong annual expansion, annual average growth in industrial output rose from 1.0% in January to 2.5% in February, which marked the highest level since February 2012.
FocusEconomics Consensus Forecast panelists expect that industrial output will expand 2.7% in 2014, which is unchanged from last month's forecast. For 2015, the panel sees industrial production slowing down to a 2.6% increase.
Belgium - Industry Data
|Industrial Production (annual variation in %)||-0.5||1.3||-0.9||4.6||2.8|
5 years of economic forecasts for more than 30 economic indicators.
Belgium Industry Chart
Source: Statistics Belgium and FocusEconomics calculations.
|Bond Yield||0.74||0.15 %||Dec 14|
|Exchange Rate||1.13||0.65 %||Dec 14|
|Stock Market||3,384||-0.23 %||Dec 14|
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November 23, 2018
In September, industrial output fell a notable 4.5% from a month earlier in seasonally-adjusted terms, contrasting August’s strong 3.0% increase and marking the largest monthly drop since January 2017.
November 23, 2018
The consumer confidence indicator produced by the National Bank of Belgium (NBB) dipped from 1.0 points in October to minus 1.0 points in November.
October 29, 2018
According to a flash estimate released by the National Bank of Belgium (NBB) on 29 October, in the third quarter, the economy grew a modest 0.4% from the previous quarter in seasonally-adjusted terms, a notch above the 0.3% expansion logged in the second quarter.
October 25, 2018
In August, industrial output rose a strong 3.0% from a month earlier in seasonally-adjusted terms, accelerating from July’s revised 1.6% increase (previously reported: +1.4% month-on-month) and marking the fastest monthly climb in a year and a half.
October 24, 2018
The consumer confidence indicator produced by the National Bank of Belgium (NBB) inched up from 0.0 points in September to 1.0 points in October.