Belgium's industrial production growth flattened at 0.1 percent in February of 2021, after an upwardly revised surge of 6.0 percent in the previous month. Output declined particularly in manufacturing (-1.9 percent vs 5.7 percent in January), and in mining & quarrying (-15.6 percent vs 1.0 percent). In contrast, production of electricity, gas, steam and air conditioning supply rose at a faster pace (7.7 percent vs 7.4 percent). On a seasonally adjusted monthly basis, industrial production dropped by 3.7 percent in February, following an upwardly revised 4.8 percent surge in the previous month. source: Statistics Belgium
Industrial Production in Belgium averaged 2.32 percent from 2001 until 2021, 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 May of 2021.
Industrial Production in Belgium is expected to be 9.50 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 3.30 in 12 months time. In the long-term, the Belgium Industrial Production is projected to trend around 2.90 percent in 2022 and 2.50 percent in 2023, according to our econometric models.