Belgium's industrial production decreased 4.6 percent from a year earlier in December 2020, sliding from an upwardly revised 0.2 percent gain in the previous month. It is the worst contraction in industrial production since August, dragged by a relapse in manufacturing activity (-4.16 percent vs 1.23 percent in November) and further contraction in mining and quarrying output (-3.2 percent vs -0.81 percent). Meanwhile, electricity, gas, steam and air conditioning supply fell at a slower pace (-6.87 percent vs -7.63 percent). On a seasonally adjusted monthly basis, industrial production decreased 1.9 percent in December, from a downwardly revised 2.8 percent drop in the previous month. source: Statistics Belgium
Industrial Production in Belgium averaged 2.32 percent from 2001 until 2020, reaching an all time high of 18.70 percent in January of 2001 and a record low of -19.30 percent in April of 2020. This page provides the latest reported value for - Belgium Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Belgium Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Industrial Production in Belgium is expected to be 3.50 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 5.20 in 12 months time. In the long-term, the Belgium Industrial Production is projected to trend around 5.20 percent in 2022 and 2.50 percent in 2023, according to our econometric models.