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 %) | 0.0 | 1.2 | -1.1 | 4.4 | 2.9 |
Belgium Industry Chart
Source: Statistics Belgium and FocusEconomics calculations.
Belgium Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.33 | 0.15 % | Sep 04 |
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 3,589 | -0.23 % | Sep 04 |
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Economic News
Belgium: Industrial production growth soars to near-nine-year high in June
August 23, 2019
Industrial output rose 11.6% on a year-on-year seasonally-adjusted basis in June, accelerating from May’s downwardly revised 2.0% increase (previously reported: +2.5% year-on-year seasonally adjusted), marking the fastest expansion since July 2010.
Belgium: Growth slips to near two-year low in Q2
July 30, 2019
Belgium’s economy grew 0.2% quarter-on-quarter and in seasonally-adjusted terms in the second quarter (Q1: +0.3% quarter-on-quarter s.a.), according to a first estimate released by the National Bank of Belgium (NBB) on 30 July.
Belgium: Industrial production growth slows in May
July 25, 2019
Industrial output increased 2.5% on a year-on-year seasonally-adjusted basis in May, down from April’s 5.7% result, which had marked the fastest expansion in 28 months.
Belgium: Economic sentiment deteriorates in July
July 24, 2019
Meanwhile, the NBB’s business confidence indicator inched down in July to minus 5.0 points from minus 4.9 points in June, marking the fourth consecutive monthly deterioration of the index.
Belgium: Consumer sentiment marginally up in July
July 19, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) rose 1 point in July to minus 6 points.
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