Latest reading: Manufacturing output grew 1.9% compared to the same month a year earlier in May, matching April’s increase. Looking...
Industrial Production in Belgium
The Belgian economy recorded an average industrial production growth rate of 1.3% in the decade to 2024. In 2024, industrial production growth was -2.5%. For more industry information, visit our dedicated page.
Belgium Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Belgium from 2024 to 2023.
Source: Macrobond.
Belgium Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -4.1 | 25.5 | -0.5 | -7.3 | -2.5 |
Industrial output growth moderates in April
Latest reading: Industrial production growth slowed to 0.2% month on month in seasonally adjusted terms in April (March: +2.0% mom s.a.). The reading was partly due to a deterioration in manufacturing production. In contrast, energy production rebounded. On an annual basis, factory output fell at a softer rate of 1.0% in April (March: -2.0% yoy). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.5%, down from March's minus 1.4% reading.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Belgian industry projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Belgian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Belgian industry projections.
Want to get access to the full dataset of Belgian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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