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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -0.5 | 1.3 | -0.9 | 4.6 | 2.8 |
Belgium Industry Chart
Source: Statistics Belgium and FocusEconomics calculations.
Belgium Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.88 | 0.15 % | Oct 22 |
| Exchange Rate | 1.15 | 0.65 % | Oct 22 |
| Stock Market | 3,510 | -0.23 % | Oct 22 |
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Economic News
Belgium: Consumer confidence improves marginally in October
October 19, 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.
Belgium: Industrial output rebounds in July
September 25, 2018
In July, industrial output rose 1.4% from a month earlier in seasonally-adjusted terms, rebounding from June’s revised 2.6% monthly drop (previously reported: -2.7% month-on-month).
Belgium: Consumer confidence recovers somewhat in September; business confidence rises to seven-month high
September 24, 2018
The consumer confidence indicator produced by the National Bank of Belgium (NBB) climbed from minus 3.0 points in August to 0.0 points in September.
Belgium: Consumer confidence recovers somewhat in September
September 20, 2018
The consumer confidence indicator produced by the National Bank of Belgium (NBB) climbed from -3.0 points in August to 0.0 points in September.
Belgium: GDP growth ticks up in Q2
August 31, 2018
Comprehensive data released by the Bank of Belgium (NBB) on 31 August revealed that GDP growth in the second quarter came in at a modest 0.4% in quarterly terms and on a seasonally- and working day-adjusted basis, a tad above the preliminary estimate of 0.3% and the 0.3% expansion logged in the first quarter.
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