Industrial production in Belgium increased 5.4 percent year-on-year in May of 2019, easing from an upwardly revised 7.5 percent rise in the previous month. Output advanced at a softer pace for manufacturing (4.1 percent from 6.4 percent in April) and water supply (3.0 percent from 9.8 percent). Meantime, production went up faster for electricity, gas, steam & air conditioning supply (22.0 percent from 21.0 percent) while it fell further for mining & quarrying (-3.9 percent from -0.3 percent). On a monthly basis, industrial production decreased 1.1 percent, down from an upwardly revised 3.2 percent. Industrial Production in Belgium averaged 2.60 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 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.