Latest reading: Industrial production was up 7.3% in annual terms in December, following a 1.1% fall in the previous month....
Industrial Production in Belgium
The Belgian economy recorded an average industrial production growth rate of 2.3% in the decade to 2024. In 2024, industrial production growth was -2.5%. For more industry information, visit our dedicated page.
Belgium Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Belgium from 2014 to 2025.
Source: Macrobond.
Belgium Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -4.2 | 25.5 | -0.5 | -7.0 | -2.9 |
Industrial production shrinks more quickly in November
Latest reading: Industrial production fell 2.3% in seasonally adjusted month-on-month terms in November, following a 2.0% fall in the prior month. Relative to the previous month's figures, readings in November worsened for manufacturing (-2.3% on a seasonally adjusted month-on-month basis vs -1.6% in October) and mining and quarrying (-8.4% vs +0.9% in October). In contrast, the reading for energy improved in November (-2.9% vs -5.0% in October). In calendar-adjusted year-on-year terms, industrial production increased 0.5% in November, following a 1.5% increase in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Belgian industry projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Belgian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Belgian industry projections.
Want to get access to the full dataset of Belgian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Poland: Industrial production rebounds in December -
Italy: Industrial production returns to growth in November Latest reading: Industrial production was up 1.5% in seasonally adjusted month-on-month terms in November, following a 1.0% fall in the... -
Japan: Industrial production contracts in November Latest reading: Industrial production was down 2.7% in seasonally adjusted month-on-month terms in November, following a 1.5% rise in the... -
Kazakhstan: Industrial production slows in December Latest reading: Industrial production was up 8.1% in annual terms in December, following 8.2% growth in the prior month. Relative... -
Belarus: Industrial production contracts faster in December Latest reading: Industrial production declined 1.8% on a year-on-year basis in December, following a 1.7% fall in the prior month.... -
Euro Area: Industrial output rises in November Latest reading: Industrial production rose 0.7% in calendar- and seasonally adjusted month-on-month terms in November, following a 0.7% increase in... -
Cyprus: Industrial production accelerates in November Latest reading: Industrial production was up 10.5% on a calendar-adjusted year-on-year basis in November—well above the bloc average—following a 3.8%...