Belgium - Industrial Production

Belgium: Industrial Production

Mnemonic	IP.IBEL
Unit	Index 2015=100, SA
Adjustments	Seasonally Adjusted
	Monthly	4.64 %
Data	Dec 2023	121.8
	Nov 2023	116.4

Series Information

Source	National Bank of Belgium - Belgostat (BNB)
Release	Production in industry / Industrial production indices (IPI)
Frequency	Monthly
Start Date	1/31/2000
End Date	12/31/2023

Belgium: Business

	Reference	Last	Previous	Units	Frequency
Business Confidence	Apr 2024	-11.9	-10.4	Balance of Opinion, SA	Monthly
Change in Inventories	2023 Q4	1,252	231	Mil. EUR, CDASA	Quarterly
Industrial Production	Dec 2023	121.8	116.4	Index 2015=100, SA	Monthly
Real Change in Inventories	1970	1,693,134,800		NCU	Annual

Release Information

Description

For Belgium, data are monthly and cover industrial production by industry, with MIG and special aggregates.

Properties

Active:

Classification:
- Taxonomy: NACE Rev. 2
- Scope: Sections B to E
Measurement: Fixed-base index relative to 2021 (Index 2021=100)
Adjustments:
- Seasonally adjusted (SA)
- Not seasonally adjusted (NSA)
Native frequency: Monthly
Start date: Uniformly 2000m1

Predecessors:

2015=100 - 2000m1 to 2023m12 ("_15")
2010=100 - 2000m1 to 2017m12 ("_10")
2005=100 and NACE Rev. 2 - 2000m1 to 2012m12 ("_05")
2000=100 and NACE Rev. 1.1 - 2001m1 to 2011m3 ("00")
1995=100 - 1990m1 to 2002m12 ("95")

Global concept aliases:

IP.IBEL

Methodology

The source writes:

Purpose and description

PRODCOM is a monthly survey on industrial production. Through the collaboration of states in the European Community, the statistical office of the European Communities has taken an initiative to improve the comparability of data in the field of industrial production. In all member states data is collected using the same list of products, distributed according subdivisions in the same sectors, etc.. This initiative has been termed "PRODCOM": "European Community products."

Study population

The survey covers the activities of Sections B and C of the classification of economic activities in the European Community NACE Rev. 2, with the exception of sections 5, 6 and 19.

This is a schematic of two groups

All companies or all industrial establishments employing 20 or more according to their quarterly returns to the NSSO of the previous year, or whose turnover last year amounted to at least 3,500,000 euros.
All companies or all the newly created industrial establishments employing 20 persons or more according to their quarterly returns to the NSSO for the current year, or whose combined turnover of the current year has amounted to 3,500,000 euros minimum.

Data collection method and sample size

This is a mandatory survey. The legal framework was set in the EU Regulation 3924/91, in the Royal Decree of 28 January 1994, Belgian Official Gazette of 15 February 1994 and the Royal Decree of 20 February 2008, published in the Moniteur Belge of 10 March 2008. The language of the form (Parts 1 and 2) is determined by the location of the place of business, as provided by the Royal Decree of 18 July 1966, published in the Belgian Official Gazette of 2 August 1966 on the coordination of laws on the use of languages ??in administrative matters.

A form must be completed separately for each local unit. The local unit is an enterprise or part of a company (e.g. a production workshop, factory, retail outlet, office, mine or depot) situated in a geographically defined. In this place, or from that place economic activity is carried out for which, without exception, one or more persons work (even if part time) on behalf of the same company.