Press Release from the National Accounts Institute – Belgium

Belgium’s economy exhibited a 0.5% growth in the third quarter of 2023, as reported by the National Accounts Institute. This follows a 1.5% year-on-year increase. Preliminary data reveals a 0.6% decline in value added in the industry, while the services sector experienced a positive growth of 0.8%. Construction also saw a modest uptick of 0.6%. These figures reflect the ongoing impact of the Covid-19 crisis, contributing to an environment of uncertainty in growth estimates.