Sumary of Belgium: Industrial output records best result on record in April, albeit largely due to a favorable base effect:
- Industrial output grew 28.3% year-on-year in calendar-adjusted terms in April, which was above March’s 4.3% increase..
- On a monthly basis, factory output increased 7.4% in seasonally-adjusted terms in April, rebounding from March 1.9% fall and marking the best result since May 2020..
- Meanwhile, the trend improved, with the annual average variation of industrial production coming in at plus 1.4%, contrasting March’s minus 2.6% reading..
- FocusEconomics Consensus Forecast panelists expect industrial output to rise 4.2% in 2021, which is up 0.3 percentage points from last month forecast…