Construction · Belgium
Belgium Construction Output YoY
The Belgium Construction Output YoY measures building activity in Belgium: housing, commercial buildings and infrastructure.
- Importance
- Low
- Released
- Monthly
- Currency
- EUR · euro
- Central bank
- The European Central Bank (with the National Bank of Belgium)
Latest figures
The latest release for NOV, published on 16 January 2026, came in at -4.8%, down from -0.8% the time before (revised).
Over the last 12 releases it ranged from -7.2% to 7.9%, averaging 0.1%; it has been falling for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 16 Jan 2026 | NOV | -4.8% | – | -0.8% ® |
| 17 Dec 2025 | OCT | -0.5% | – | 0% |
| 18 Nov 2025 | SEP | 0% | – | 7.3% ® |
| 17 Oct 2025 | AUG | 6.7% | – | 1.7% ® |
| 18 Sep 2025 | JUL | 1.3% | – | 1.0% ® |
| 19 Aug 2025 | JUN | 1.1% | – | -0.9% |
| 16 Jul 2025 | MAY | -0.9% | – | 6.2% ® |
| 18 Jun 2025 | APR | 6.7% | – | -6.5% ® |
| 19 May 2025 | MAR | -6.6% | – | -2.9% ® |
| 16 Apr 2025 | FEB | -3% | – | 7.9% |
| 18 Mar 2025 | JAN | 7.9% | – | -7.1% ® |
| 18 Feb 2025 | DEC | -7.2% | – | 4.7% ® |
Why it matters
Construction is sensitive to interest rates and an early casualty of tighter credit; it also feeds jobs and materials demand.
How it is calculated
Output or spending on construction projects, reported by builders and adjusted for prices and seasons.
What changes mean
- Falling construction after rate hikes shows policy working.
- Public infrastructure can offset weak private building.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.
A short history
Construction statistics became standard in the post-war rebuilding era; housing booms and busts, such as 2006–2009, made them closely watched.
Questions
What is the Belgium Construction Output YoY?
The Belgium Construction Output YoY measures building activity in Belgium: housing, commercial buildings and infrastructure.
What was the latest Belgium Construction Output YoY?
-4.8% for NOV, published on 16 January 2026.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.