The Eurozone industrial production fell 12.9 percent from a year earlier in March 2020, the steepest decline since August 2009 and compared to market expectations of a 12.4 percent contraction, as the COVID-19 pandemic hit businesses and activity. The biggest decreases were seen in the production of capital and durable consumer goods, followed by intermediate goods, energy and non-durable consumer goods.
Industrial Production in the Euro Area averaged 0.97 percent from 1991 until 2020, reaching an all time high of 9.70 percent in August of 2000 and a record low of -21.30 percent in April of 2009. 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 May of 2020. source: Eurostat
Industrial Production in Euro Area is expected to be 1.50 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 1.40 in 12 months time. In the long-term, the Euro Area Industrial Production is projected to trend around 2.00 percent in 2021, according to our econometric models.