In September 2024, the seasonally adjusted production index for Belgium reflected an increase of 0.5% compared to August 2024.
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The calendar adjusted production index reflected an increase of 6.0% compared to September 2023.
Table: Statbel.
The results for September 2024 are provisional.
From January 2024, the indices are expressed with reference year 2021=100.
Purpose and brief description
The industrial production index makes it possible to monitor the evolution in volume of the value added at factor cost over a given reference period. Value added at basic prices can be calculated as follows: turnover (excluding VAT and other similar deductible taxes directly linked to turnover) plus capitalised production, plus other operating income, plus or minus the changes in stocks, minus the purchases of goods and services, minus other taxes on products which are linked to turnover but not deductible, and the subsidies received on the products. However, the data to produce this index are not available on a monthly basis. In practice, the adequate representative values to produce the indices are: gross production values (deflated); volumes; turnover (deflated); working hours; raw materials; energy..
Population
The survey covers the activities of sections B and C of the Statistical Classification of Economic Activities in the European Community NACE Rev. 2 with the exception of sections 5, 6 and 19.
In summary, two groups are concerned:
- Any industrial enterprise or establishment employing 20 persons or more according to one of its quarterly NSSO declarations of the previous year or whose annual turnover in the previous year was at least 4,200,000 euros;
- Any new industrial enterprise or establishment employing 20 persons or more according to one of its quarterly NSSO declarations for the current year or whose cumulative turnover in the course of the year amounted to at least 4,200,000 euros.
This means that a declarant who has employed 20 persons at least once in a given year must answer in the following year (calendar year).
More information:
Statbel
www.statbel.fgov.be