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Belgian industry suffers the largest setback in the European Union

  • Post category:Economy News
  • Reading time:4 mins read

Belgian industrial production plunged by 10%, while on average in the euro zone, it increased by 2.5%.


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SAccording to the latest release of Eurostat figures, Belgium is the European country whose industrial production is experiencing the worst development, report The Echo and From Tijd Thursday.

Between August 2021 and August 2022, Belgian industrial production thus showed a decline of 10.3%. On average, in the euro zone, it increased by 2.5%, while across the whole of the 27, it rose by 3.5%. Between July and August alone, Belgian industrial production plunged by 6.1%.

On an annual basis, Germany (+2.4%), France (+0.8%) and the Netherlands (+1.6%), the three reference countries for calculating the competitiveness of Belgian companies, do much better. This has consequences for employment. According to figures from Onem, in September, out of 10,684 people registered under the temporary energy unemployment scheme, more than 9,100 were from industry.

The sectors of metallurgy (2,852 people), textiles (1,674) and rubber and plastics (1,188) are particularly affected. The industrial basins are logically the most affected, with West Flanders in the lead (3,001 people), followed by Limburg (2,526), ​​Hainaut (1,679) and Liège (1,169), Antwerp seeming so far more spared (377).