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 | 0.65 | 0.15 % | Feb 20 |
| Exchange Rate | 1.13 | 0.65 % | Feb 20 |
| Stock Market | 3,616 | -0.23 % | Feb 20 |
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Economic News
Belgium: Growth steady through year-end
January 30, 2019
Belgium’s economy grew 0.3% quarter-on-quarter and in seasonally-adjusted terms in the fourth quarter of last year (Q3 2018: +0.3% quarter-on-quarter s.a.), according to a first estimate released by the National Bank of Belgium (NBB) on 30 January.
Belgium: Industry nurses recovery in November
January 25, 2019
In November, industrial output increased 2.5% on an annual basis, up from October’s 2.0% increase.
Belgium: Economic sentiment dips lower in January
January 25, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell another 1.0 point in January to minus 6.0 points.
Belgium: Economic sentiment plummets in December
December 19, 2018
The consumer confidence indicator produced by the National Bank of Belgium (NBB) plummeted 4.0 points to minus 5.0 points in December.
Belgium: Prime minister resigns amid migration-pact row
December 19, 2018
Prime Minister Charles Michel resigned following a no-confidence vote on 19 December, ending a short-lived minority government torn apart by Belgium’s position on a UN-led migration pact.
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