Belgium's industrial production growth slowed to 4.8 percent from an upwardly revised 7.9 percent in the previous month, due to a slowdown in manufacturing (2.1 percent vs 3.2 percent) and utilities (38.8 percent vs 73.8 percent) and a decline in mining (-2.7 percent vs -1.3 percent). On the other hand, water collection rose faster (2.5 percent vs 1.6 percent). On a monthly basis, industrial production fell 1.8 percent, after a 1.0 percent drop in September. Industrial Production in Belgium averaged 2.57 percent from 2001 until 2019, reaching an all time high of 18.40 percent in January of 2001 and a record low of -16.40 percent in April of 2009. source: Statistics Belgium
Industrial Production in Belgium is expected to be 5.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Belgium to stand at 4.70 in 12 months time. In the long-term, the Belgium Industrial Production is projected to trend around 2.50 percent in 2020, according to our econometric models.