Latest reading: Industrial production rose 3.4% in annual terms in April, following a 6.4% rise in the previous month. Relative...
Industrial Production in Belgium
The Belgian economy recorded an average industrial production growth rate of 2.3% in the decade to 2024. In 2024, industrial production growth was -2.5%. For more industry information, visit our dedicated page.
Belgium Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Belgium from 2014 to 2025.
Source: Macrobond.
Belgium Industry Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 27.6 | -0.5 | -6.9 | -2.8 | -0.5 |
Industrial production falls at a faster clip in March
Latest reading: Industrial production—excluding construction—declined 3.0% in seasonally adjusted month-on-month terms in March, following a 0.1% drop in the previous month. March's reading was the weakest since December 2024. Relative to the prior month's data, the reading for manufacturing softened in March (-3.1% in seasonally adjusted month-on-month terms vs +1.7% in February). In contrast, readings improved for electricity, gas, steam and air conditioning supply (-4.2% vs -13.8% in February) and mining and quarrying (+0.2% vs -3.5% in February). In calendar-adjusted year-on-year terms, industrial production—excluding construction—rose 0.3% in March, following a 5.9% increase in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Belgian industry projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Belgian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Belgian industry projections.
Want to get access to the full dataset of Belgian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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