Industrial production in Belgium increased 6.5 percent year-on-year in February of 2019, following a 4.4 percent rise in the previous month. It was the highest gain in industrial activity since November of 2017, as output advanced faster for manufacturing (6.7 percent from 4.1 percent in January) and rebounded sharply for mining & quarrying (3.1 percent from -1.6 percent). Meanwhile, production slowed for electricity, gas, steam & air conditioning supply (3.5 percent from 4.9 percent) and it fell for water supply (-3.9 percent from 0.1 percent). On a monthly basis, industrial output showed no growth, after a 5 percent jump in January. Industrial Production in Belgium averaged 2.58 percent from 2001 until 2019, reaching an all time high of 21.90 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 2.90 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 2.70 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.