Belgium’s industrial production fell 0.2 percent year-on-year in April of 2022, compared to an upwardly revised 4.9 percent increase in the previous month. It was the first contraction in industrial activity since December of 2020 as output fell sharply for mining and quarrying (-16.6 percent vs -5.1 percent in March); and manufacturing (-2.9 percent vs 7.8 percent) and continued to decline for electricity, gas, steam and air conditioning supply (-7.7 percent vs -16.7 percent). On a seasonally adjusted monthly basis, production fell by 0.6 percent, compared to a 0.5 percent rise in the previous month. source: Statistics Belgium
Industrial Production in Belgium averaged 3.07 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 July 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.