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Belgium economy expanded 0.3% in 1Q

byCustoms Today Report
30/04/2015
in Uncategorized
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BRUSSELS: Belgium’s economy expanded by 0.3% in the first three months of 2015 compared with the previous quarter, the eighth straight quarter of expansion, the central bank said in its preliminary estimate.

The economy grew by 0.9% in the first quarter compared with the same period a year earlier, the bank said.

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Belgium’s output expanded 0.2% in the fourth quarter of 2014 on a quarterly basis and grew 1.0% in the final three months of 2014 compared with the same period a year earlier.

Strong expansion in the industrial sector and solid growth in private sector demand and investment helped the country’s economy to a 1.1% expansion in 2014, the strongest figure in three years.

Earlier Wednesday, the central bank said the annual consumer inflation rate rose in April to 0.29%, the first positive read in the data in six months.

Tags: Economy

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