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Industrial production in Belgium falls in January

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Staff Writer | March 29, 2017
Belgian industrial production in January fell a seasonally adjusted 4.9% from the previous month, contrasting December’s 4.1% rise and marking the sharpest drop in several years.
Industrial production in Belgium
Europe   FocusEconomics Consensus Forecast
The fall was driven by steep declines in the mining and quarrying and manufacturing sub-sectors, which were cushioned to an extent by growth in the gas, steam and air conditioning supply sub-sector.

In annual terms, industrial production grew 3.0% in January, significantly down from December’s revised 10.8% figure (previously reported: +9.8% year-on-year). Meanwhile, annual average growth rose from 4.6% in December to 4.7% in January.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 2.4% in 2017, which is unchanged from last month’s forecast. For 2018, the panel sees industrial production growth slowing to 2.2%.