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 | 0.70 | 0.15 % | Aug 15 |
| Exchange Rate | 1.13 | 0.65 % | Aug 15 |
| Stock Market | 3,760 | -0.23 % | Aug 15 |
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Economic News
Belgium: Consumer confidence recovers somewhat in July
July 20, 2018
The consumer confidence indicator produced by the National Bank of Belgium (NBB) climbed from -3.0 points in June to 0.0 points in July, the first uptick in four months.
Belgium: Consumers grow pessimistic in June; business confidence ticks up
June 25, 2018
The consumer confidence indicator produced by the National Bank of Belgium (NBB) dipped from 0.0 points in May to -3.0 points in June, the lowest reading in a year and a half and below the 0.0-point threshold which distinguishes pessimism from optimism among consumers.
Belgium: Industrial output expands in April
June 25, 2018
In April, industrial output grew 0.4% from a month earlier in seasonally-adjusted terms, easing from March’s revised 2.1% monthly expansion (previously reported: +1.9% month-on-month).
Belgium: GDP growth moderates in Q1; household spending ticks up
May 30, 2018
Comprehensive data released by the Bank of Belgium (NBB) on 30 May puts economic growth in the first quarter at 0.3% in quarter-on-quarter terms and on a seasonally- and working day-adjusted basis, a notch below both the preliminary estimate and analysts’ expectations.
Belgium: Industrial production growth rebounds in March
May 25, 2018
Industrial production rebounded from a revised 1.9% month-on-month contraction (previously reported: -1.6% month-on-month) in February to a 2.0% rise in March, on the back of improvements across nearly all components of the index.
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