Industrial production in Belgium shrank 0.8 percent year-on-year in March of 2019, following a downwardly revised 5.9 percent rise in the prior month. It was the largest decline in industrial activity since last September, as output fell for mining & quarrying (-10.2 percent vs 4.1 percent in February); electricity, gas, steam & air conditioning supply (-7.7 percent, the same pace as in the prior month) and water supply (-5.8 percent vs -5.3 percent). At the same time, manufacturing output growth stalled (from 7.6 percent in February). On a seasonally adjusted monthly basis, industrial production fell 2.5 percent, after being unchanged in the previous month. Industrial Production in Belgium averaged 2.56 percent from 2001 until 2019, reaching an all time high of 21.90 percent in January of 2001 and a record low of -19.90 percent in April of 2009.
Industrial Production in Belgium is expected to be 2.90 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 2.70 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.