Latest reading: Industrial production increased 6.5% in annual terms in October, following a 0.4% increase in the previous month. October’s...
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 | -0.6 | -7.1 | -2.9 |
Industrial production falls at a faster pace in October
Latest reading: Industrial production fell 3.4% on a seasonally adjusted month-on-month basis in October, following a 0.4% decrease in the prior month, marking the steepest contraction since May. Relative to the prior month's data, readings in October worsened for manufacturing (-2.8% in seasonally adjusted month-on-month terms vs -1.9% in September) and energy (-6.6% vs +2.6% in September). In contrast, the reading improved for mining and quarrying (+0.9% vs +0.1% in September). On a calendar-adjusted year-on-year basis, industrial production rose 0.2% in October, following a 2.2% increase in the prior 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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Qatar: Industrial production gains steam in October -
Romania: Industrial production loses momentum in October Latest reading: Industrial production rose 0.4% on a working day and seasonally adjusted month-on-month basis in October, following 1.2% growth... -
Belgium: Industrial production falls at a faster pace in October Latest reading: Industrial production fell 3.4% on a seasonally adjusted month-on-month basis in October, following a 0.4% decrease in the... -
Japan: Industrial production slows in October Latest reading: Industrial production increased 1.5% in seasonally adjusted month-on-month terms in October, following 2.6% growth in the previous month.... -
Hungary: Industrial production shrinks more quickly in October Latest reading: Industrial production fell 2.7% on a year-on-year basis in October, following a 1.2% decline in the prior month.... -
Malaysia: Industrial production accelerates in October Latest reading: Industrial production rose 6.0% on a year-on-year basis in October, following a 5.7% rise in the previous month.... -
Bulgaria: Industrial production shrinks more quickly in October Latest reading: Industrial production fell 7.6% on a year-on-year basis in October, following a 4.1% drop in the prior month....