Industrial production in Belgium sank by 7.3 percent from a year earlier in January of 2023, extending the downwardly revised 1.7 percent contraction in the previous month, as higher borrowing costs continue to hurt Belgian economic activity. Output fell at a faster rate for manufacturing (-6.7 percent vs -0.5 percent in December) and electricity, gas, steam, and air conditioning supply (-12.8 percent vs -11.9 percent), while the decline eased for mining (-8.5 percent vs -20.6 percent). On a monthly basis, industrial production fell by 4.1 percent, the most since July 2021, following the downwardly revised 2.6 percent drop in the previous month. source: Statistics Belgium
Industrial Production in Belgium averaged 2.83 percent from 2001 until 2023, reaching an all time high of 35.30 percent in April of 2021 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 March of 2023.
Industrial Production in Belgium is expected to be -4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.