August 2, 2023
Economic growth slows to 0.2% in the second quarter of 2023 in Belgium
According to the flash estimate, seasonally and calendar adjusted gross domestic product (GDP) was up by 0.2% in volume terms in the second quarter of 2023 from the previous quarter. Compared with a year earlier, namely the second quarter of 2022, growth came in at 0.9%.
An initial estimate shows that value added was down by 1.0% in industry from the previous quarter. The services sector continued to report positive growth of 0.5%. Value added rose slightly by 0.1% in the construction industry.
Source: National Bank of Belgium
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