Industrial production in Belgium increased 2.4 percent year-on-year in July of 2019, easing from a downwardly revised 4.2 percent rise in the previous month. It was the lowest annual gain in industrial activity since October of 2018, as output slowed for manufacturing (0.4 percent from 2.8 percent in June) and water collection, treatment and supply (0.6 percent from 2.9 percent). On the other hand, production advanced faster for electricity, gas, steam & air conditioning supply (23 percent from 22.9 percent) and rebounded for mining & quarrying (2.7 percent from -13.7 percent). On a seasonally adjusted monthly basis, industrial production slumped 6.5 percent, down from a downwardly revised 4.1 percent jump in June. Industrial Production in Belgium averaged 2.59 percent from 2001 until 2019, reaching an all time high of 21.60 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 6.30 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 5.80 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.