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 | 0.08 | 0.15 % | Jun 20 |
| Exchange Rate | 1.13 | 0.65 % | Jun 20 |
| Stock Market | 3,519 | -0.23 % | Jun 20 |
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Economic News
Belgium: Economic sentiment deteriorates in June
June 24, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell 2 points in June to minus 7 points.
Belgium: Consumer confidence erases gains in June
June 20, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell 2 points in June to minus 7 points.
Belgium: Growth slips in Q1
June 3, 2019
Belgium’s economy grew a seasonally-adjusted 0.3% quarter-on-quarter in the first quarter (previously reported: +0.2% quarter-on-quarter s.a.; Q4 2018: +0.4% qoq s.a.), according to a comprehensive estimate released by the National Bank of Belgium on 29 May.
Belgium: Growth slips in Q1
May 31, 2019
Belgium’s economy grew a seasonally-adjusted 0.3% quarter-on-quarter in the first quarter (previously reported: +0.2% quarter-on-quarter s.a.; Q4 2018: +0.4% qoq s.a.), according to a comprehensive estimate released by the National Bank of Belgium on 29 May.
Belgium: Growth slips in Q1
May 29, 2019
Belgium’s economy grew a seasonally-adjusted 0.3% quarter-on-quarter in the first quarter (previously reported: +0.2% quarter-on-quarter s.a.; Q4 2018: +0.4% qoq s.a.), according to a comprehensive estimate released by the National Bank of Belgium on 29 May.
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