Industrial production in the Euro Area went down 3.3 percent year-on-year in November of 2018, following a 1.2 percent rise in October and worse than market expectations of a 2.3 percent drop. It is the first annual fall in industrial output since January of 2017 and the biggest since November of 2012. Industrial Production in the Euro Area averaged 1.14 percent from 1991 until 2018, reaching an all time high of 9.60 percent in August of 2000 and a record low of -21.30 percent in April of 2009.
Industrial Production in Euro Area is expected to be 2.60 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 2.90 in 12 months time. In the long-term, the Euro Area Industrial Production is projected to trend around 2.40 percent in 2020, according to our econometric models.