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.

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Belgium Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2023-02-10 10:30 AM Dec -2.3% 3.8% 3.1%
2023-03-10 10:30 AM Jan -7.3% -1.7% 1.2%
2023-04-11 09:30 AM Feb -7.3%


Related Last Previous Unit Reference
Industrial Production Mom -4.10 -2.60 percent Jan 2023
Industrial Production -7.30 -1.70 percent Jan 2023
Manufacturing Production -6.70 -0.50 percent Jan 2023
Mining Production -8.50 -20.60 percent Jan 2023

Belgium Industrial Production
In Belgium, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector. The biggest segments within Manufacturing are: chemical products (19 percent of total production); food products and beverages (16 percent); basic metals (11 percent); motor vehicles, trailers and semi-trailers (10 percent); pharmaceuticals (8 percent); machinery and equipment (5 percent); and fabricated metal products (5 percent).
Actual Previous Highest Lowest Dates Unit Frequency
-7.30 -1.70 35.30 -19.30 2001 - 2023 percent Monthly
2015=100, WDA

News Stream
Belgium Industrial Output Extends Decline in January
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.
2023-03-10
Belgium Industrial Output Slumps in December
Industrial production in Belgium shrank by 2.3% from a year earlier in December 2022, following a downwardly revised 3.8% rise in the previous month. Output declined in all sections: mining (-21.8% vs -6.6% in November); utilities (-16.5% vs -4.9%) and manufacturing (-0.8% vs 4.9%).On a monthly basis, industrial output slipped by 3.2%, after a downwardly revised 1% increase in the prior month.
2023-02-10
Belgium Industrial Production Rebounds in November
Belgium’s industrial production rose by 5.6 percent year-on-year in November of 2022, the most since February, rebounding from the 2.8 percent drop in the previous month. Output levels bounced back for manufacturing (6.6 percent vs -2.6 percent in October) offsetting the slightly slower decline for mining and quarrying (-8.2 percent vs -8.3 percent). On the other hand, production declined faster for electricity, gas, steam, and air conditioning supply. On a monthly basis, industrial output rose by 2.6 percent, rebounding from the 2 percent decline in October.
2023-01-10