Industrial Production in Belgium

Statbel · Mensual

-2.8% (Jun-26) YOY · % · Mensual · CSV

About this indicator

Source	Statbel
Frequency	Mensual
Release	En torno a mediados del mes siguiente al periodo de referencia.
What it is	The Industrial Production Index measures the volume of output of Belgian industry (manufacturing, mining and energy supply). Published by Statbel, it is one of the most closely watched cyclical indicators because it anticipates the economic cycle.
How it's calculated	It is expressed as an index against a base year (index 100), aggregating industrial branch sub-indices weighted by their share of value added. The data are usually calendar- and seasonally-adjusted and reported as annual (YoY) and monthly (MoM) rates of change.
Market implications	It is tightly linked to the cycle and GDP and relates to business-climate indicators (PMI), which tend to lead it. As part of the euro area it feeds the activity read the ECB monitors; in Belgium the weight of chemicals and pharmaceuticals can drive the figure.
Limitations	It is subject to revisions: releasing one month's figure usually revises the previous one. It is volatile and sensitive to the number of working days; the weight of chemicals/pharma can cause one-off swings.