Eurozone's industrial production fell by 7.7 percent from a year earlier in July 2020, following a 12 percent slump in the previous month and compared to market expectations of an 8.2 percent decrease, as the bloc's economy was hit hard by the COVID-19 crisis.
Industrial Production in the Euro Area averaged 0.77 percent from 1991 until 2020, reaching an all time high of 9.70 percent in August of 2000 and a record low of -28.60 percent in April of 2020. This page provides the latest reported value for - Euro Area Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Eurostat
Industrial Production in Euro Area is expected to be -7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Euro Area to stand at 15.00 in 12 months time. In the long-term, the Euro Area Industrial Production is projected to trend around 5.00 percent in 2021 and 2.00 percent in 2022, according to our econometric models.