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.

Euro Area Industrial Production
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-12 09:00 AM Industrial Production YoY -0.3% -0.7% -1% -1.4%
2019-05-14 09:00 AM Industrial Production YoY -0.6% 0% -0.8% -0.7%
2019-06-13 09:00 AM Industrial Production YoY -0.4% -0.7% -0.5% -0.4%
2019-07-12 09:00 AM Industrial Production YoY -0.5% -0.4% -1.6% -1%
2019-08-14 09:00 AM Industrial Production YoY -0.5% -0.2%
2019-09-12 09:00 AM Industrial Production YoY
2019-10-14 09:00 AM Industrial Production YoY



Eurozone Industrial Production Falls Again

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.

Production fell for intermediate (-2.6 percent vs -1.3 percent) and capital goods (-0.7 percent vs -1.3 percent), but rose for non-durable consumer goods (3.1 percent vs 2.1 percent), durable consumer goods (0.4 percent vs -1 percent), and energy (0.8 percent vs unchanged).

Among Eurozone's largest economies, Germany's industrial output contracted the most (-4.3 percent vs -3.6 percent), followed by Italy (-0.7 percent vs -1.5 percent). On the other hand, output growth was seen in France (3.7 percent vs 1 percent) and Spain (1.3 percent vs 1.4 percent).

In the EU28, industrial output rose 0.4 percent in May (vs unchanged in April), boosted by production of non-durables (2.8 percent vs 3 percent), energy (1.7 percent vs -0.6 percent), and durable consumer goods (1.2 percent vs -0.1 percent). By contrast, intermediate goods output fell 1.4 percent (vs -0.1 percent in April) and capital goods production edged 0.1 percent lower (vs -1.6 percent in April).


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/12/2019 9:25:36 AM


News

Eurozone Industrial Output Continues to Contract
Industrial production in the Euro Area declined 0.4 percent from a year earlier in April 2019, following an upwardly revised 0.7 percent contraction in the previous month and compared to market expectations of 0.5 percent drop.
Published on 2019-06-13

Eurozone Industrial Output Contracts Less than Expected
Industrial production in the Euro Area fell 0.6 percent from a year earlier in March of 2019, after showing no growth in the previous month and compared with market expectations of a 0.8 percent decline.
Published on 2019-05-14

Eurozone Industrial Output Shrinks the Least in 4 Months
Industrial production in the Euro Area went down 0.3 percent from a year earlier in February of 2019, following a downwardly revised 0.7 percent decrease in the previous month and compared with market expectations of a 1 percent fall. It is the softest decline in industrial activity since November of 2018.
Published on 2019-04-16

Eurozone Industrial Output Contraction Eases in January
Industrial production in the Euro Area dropped 1.1 percent from a year earlier in January 2019, easing from a 4.2 percent decline in the previous month, which was the steepest in nine years, and beating market expectations of a 2.1 percent fall.
Published on 2019-03-13



Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.17 0.30 1.62 -3.30 Index Points [+]
Manufacturing PMI 47.60 47.70 60.60 33.50 [+]
Services PMI 53.60 52.90 58.30 39.20 Index Points [+]
Composite Pmi 52.20 51.80 58.80 45.70 Index Points [+]
Industrial Production -0.50 -0.40 9.70 -21.40 percent [+]
Industrial Production Mom 0.90 -0.40 3.30 -4.00 percent [+]
Manufacturing Production -0.60 -0.50 10.00 -21.70 percent [+]
Capacity Utilization 82.80 83.60 85.30 69.60 percent [+]
Changes In Inventories 5.76 13.06 25.42 -27.22 EUR Billion [+]
Zew Economic Sentiment Index -20.30 -20.20 89.90 -63.70 [+]
Car Registrations 961.38 934.92 1169.19 669.00 Thousand [+]
Mining Production -6.50 -7.50 42.30 -27.80 percent [+]


Euro Area Industrial Production

In Euro Area, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 -0.40 9.70 -21.40 1991 - 2019 percent Monthly
WDA




Country Last Previous
Argentina -6.90 May/19
Australia 1.20 Mar/19
Brazil 7.10 May/19
Canada 2.14 Apr/19
China 6.30 Jun/19
Euro Area -0.50 May/19
France 4.00 May/19
Germany -3.70 May/19
India 3.10 May/19
Indonesia 7.90 Mar/19
Italy -0.70 May/19
Japan -2.10 May/19
Mexico -3.35 May/19
Netherlands -0.90 May/19
Russia 3.30 Jun/19
Saudi Arabia 2.34 Sep/18
Singapore -2.40 May/19
South Africa 1.00 May/19
South Korea -0.20 May/19
Spain 1.40 May/19
Switzerland 4.30 Mar/19
Turkey -1.30 May/19
United Kingdom 0.90 May/19
United States 1.30 Jun/19


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