Belgium's industrial production was 3.6 percent higher in April of 2021, compared to April of 2019, given the high variability of the index in 2020 as a result of the pandemic. Main upward pressure came from output of utilities (20.7 percent) and mining & quarrying (17.8 percent), with manufacturing output rising the least (1.8 percent). On a seasonally adjusted monthly basis, industrial production jumped 7.4 percent in April, following a downwardly revised 1.9 percent drop in the previous month. source: Statistics Belgium
Industrial Production in Belgium averaged 2.34 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 June 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.