Belgium’s industrial production fell 3.7 percent year-on-year in March of 2022, compared to a downwardly revised 7.3 percent increase in the previous month. It was the first contraction in industrial activity since December of 2020, as output sharply fell for electricity, gas, steam, and air-conditioning supply (-69.4 percent vs -5.7 percent in February) and mining and quarrying (-5.8 percent vs 20.7 percent). On the other hand, growth was seen for manufacturing (3.4 percent vs 8.7 percent). On a seasonally adjusted monthly basis, production fell by 5.6 percent, picking up from a 1.4 percent decline in the prior month. source: Statistics Belgium
Industrial Production in Belgium averaged 3.04 percent from 2001 until 2022, 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 May of 2022.
Industrial Production in Belgium is expected to be 3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Industrial Production is projected to trend around 2.90 percent in 2023 and 2.50 percent in 2024, according to our econometric models.