Belgium's industrial production expanded 10.5 percent year-on-year in May of 2021, and was 5.2 percent higher compared to May of 2019, rising from an upwardly revised 3.7 percent increase in April over the same month in 2019, used as the official growth rate in the previous official release due to the high variability of the index in April of 2020 as a result of the pandemic. Output advanced firmly in all industrial sectors, namely manufacturing (9.9 percent over May 2020) utilities (15.9 percent) and mining & quarrying (12.0 percent). On a seasonally adjusted monthly basis, industrial production went down 2.3 percent, following a downwardly revised 5.0 percent jump in April. source: Statistics Belgium
Industrial Production in Belgium averaged 2.37 percent from 2001 until 2021, reaching an all time high of 18.70 percent in January of 2001 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 2021.
Industrial Production in Belgium is expected to be 5.20 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 1.90 in 12 months time. In the long-term, the Belgium Industrial Production is projected to trend around 2.90 percent in 2022 and 2.50 percent in 2023, according to our econometric models.