Industrial production in the Euro Area declined 0.5 percent from a year earlier in May 2019, following a 0.4 percent contraction in the previous month and compared to market expectations of 1.6 percent drop. This was the seventh consecutive month in which there was no increase in industrial production, due to falls in intermediate and capital goods output. Industrial Production in the Euro Area averaged 1.10 percent from 1991 until 2019, reaching an all time high of 9.70 percent in August of 2000 and a record low of -21.40 percent in April of 2009.
Industrial Production in Euro Area is expected to be 0.70 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 1.80 in 12 months time. In the long-term, the Euro Area Industrial Production is projected to trend around 2.00 percent in 2020, according to our econometric models.