Industrial Production in Belgium
The Belgian economy recorded an average industrial production growth rate of 2.3% 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 2022.
Source: Macrobond.
Belgium Industry Data
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | -4.2 | 25.4 | -0.5 | -7.0 | -2.9 |
Industrial output loses pace in July
Latest reading: Industrial output rose 1.1% in month-on-month seasonally adjusted terms in July, which was weaker than June’s 5.2% rise. The deceleration was due to slower growth in manufacturing output, a sharper fall in energy production plus a persistent decline in mining and quarrying activity. On an annual basis, industrial output fell 0.1% in July, which was well below June’s 2.7% expansion. Moreover, the trend pointed down, with the annual average variation of industrial production remaining at June’s minus 2.2% in July.
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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Malaysia: Industrial output growth picks up pace in July Latest reading: Industrial output expanded 4.2% compared to the same month of the previous year in July, which was above... -
Sweden: Industrial output contracts at sharpest pace in seven months in July Latest reading: Industrial output—excluding energy—nosedived 6.6% in month-on-month seasonally adjusted terms in July, which contrasted June’s 7.3% increase. The result... -
Ireland: Industrial production returns to growth in July Latest reading: Industrial production increased 0.6% on a seasonally adjusted month-on-month basis in July, following a 11.9% decline in the... -
Argentina: Industrial activity contracts at sharpest rate since November 2024 in July Latest reading: Industrial output slid 1.1% compared to the same month a year earlier in July, which contrasted June’s 9.4%... -
Vietnam: Industrial output growth improves in August Latest reading: Industrial production grew 8.9% year on year in August (July: +8.5% yoy). The upturn came on the back...