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 %)||0.0||1.2||-1.1||4.4||2.9|
5 years of economic forecasts for more than 30 economic indicators.
Belgium Industry Chart
Source: Statistics Belgium and FocusEconomics calculations.
|Bond Yield||0.10||0.15 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 24, 2020
In November, industrial output expanded 2.2% on an annual and seasonally adjusted basis, down from October’s 5.2% increase.
January 24, 2020
The consumer confidence indicator produced by the National Bank of Belgium (NBB) rose to minus 6 in January from minus 8 in December.
December 23, 2019
In October, industrial output expanded 4.9% on an annual and seasonally adjusted basis, decelerating from September’s 8.0% increase.
December 19, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell to minus 8 in December from minus 6 in November, marking the first deterioration after two consecutive monthly improvements.
November 29, 2019
A second national accounts estimate released by the National Bank of Belgium (NBB) on 29 November confirmed economic activity accelerated in the third quarter.