Industrial production in Belgium surged 7.2 percent year-on-year in April of 2019, recovering from a downwardly revised 0.5 percent fall in the previous month. It was the highest annual gain in industrial activity since November of 2017, as output rebounded sharply for manufacturing (6.6 percent from -0.4 percent in March); electricity, gas, steam & air conditioning supply (15.6 percent from -1.7 percent) and water supply (5.1 percent from -5.3 percent). On the other hand, mining & quarrying production slumped 6.8 percent, faster than a 5.2 percent drop in the prior month. On a seasonally adjusted monthly basis, industrial production advanced 2.8 percent, after declining 1.9 percent in March. Industrial Production in Belgium averaged 2.59 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 5.50 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.