Latest reading: Manufacturing production was up 8.6% in seasonally adjusted month-on-month terms in March, following a 4.5% fall in the...
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
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 25.5 | -0.5 | -7.0 | -2.9 | 1.2 |
Industrial production returns to growth in February
Latest reading: Industrial production—excluding construction—was up 1.4% in seasonally adjusted month-on-month terms in February, following a 1.0% decline in the prior month. Relative to the previous month's data, the reading for manufacturing improved in February (+1.5% on a seasonally adjusted month-on-month basis vs -2.1% in January). In contrast, readings worsened for electricity, gas, steam and air conditioning supply (+0.4% vs +8.6% in January) and mining and quarrying (-3.6% vs +4.6% in January). In calendar-adjusted year-on-year terms, industrial production—excluding construction—rose 7.4% in February, following 6.7% growth 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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Denmark: Manufacturing production returns to growth in March -
France: Industrial production returns to growth in March Latest reading: Industrial production—excluding construction—was up 1.0% on a working-day and seasonally adjusted month-on-month basis in March, following a 0.9%... -
Thailand: Manufacturing production gains steam in March Latest reading: Manufacturing production increased 0.8% on a year-on-year basis in March, following 0.1% growth in the previous month. Relative... -
Croatia: Industrial production decelerates in March Latest reading: Industrial production rose 0.8% on a working-day adjusted year-on-year basis in March, following a 1.2% increase in the... -
Serbia: Industrial output rebounds in March Latest reading: Industrial production rose 6.4% year on year in March, following a 0.3 contraction in the prior month. On... -
Lithuania: Industrial production gains momentum in March Latest reading: Industrial production increased 4.8% on a year-on-year basis in March, following 1.8% growth in the previous month. Relative... -
Taiwan: Industrial production speeds up in March Latest reading: Industrial production increased 28.7% on a year-on-year basis in March, following 16.6% growth in the prior month. March’s...