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
|Industrial Production (annual variation in %)||-0.5||1.3||-0.9||4.6||2.8|
5 years of economic forecasts for more than 30 economic indicators.
Belgium Industry Chart
Source: Statistics Belgium and FocusEconomics calculations.
|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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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.
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.
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).
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.
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.