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.

Euro Area Industrial Production
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-12 09:00 AM Industrial Production YoY 0.9% 0.3% -0.2% 1.2%
2018-11-14 10:00 AM Industrial Production YoY 0.9% 1.1% 0.3% 3.4%
2018-12-12 10:00 AM Industrial Production YoY 1.2% 0.8% 0.7% 1.5%
2019-01-14 10:00 AM Industrial Production YoY -3.3% 1.2% -2.3% -1.7%
2019-02-13 10:00 AM Industrial Production YoY -3.3% 2.7%
2019-03-13 10:00 AM Industrial Production YoY
2019-04-12 09:00 AM Industrial Production YoY



Eurozone Industrial Output Falls More than Anticipated

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.

Declines were seen in production of energy (-5.2 percent compared to -3 percent in October); capital goods (-4.5 percent compared to +3.7 percent); durable consumer goods (-3.5 percent compared to +0.3 percent); intermediate goods (-3 percent compared to -0.1 percent); and non-durable consumer goods (-0.1 percent compared to +0.8 percent).

In the EU28, industrial production fell by 2.2 percent, after a 1.3 percent rise in October. Output went down for energy (-4.3 percent compared to -2.1 percent); capital goods (-3 percent compared to +3.2 percent); intermediate goods (-2.2 percent compared to +0.5 percent); durable consumer goods (-1.4 percent compared to +1.3 percent) while production of non-durable consumer goods rose by 0.7 percent (+1.5 percent in October). Among Member States for which data are available, the largest decreases in industrial production were observed in Ireland (-9.1 percent), Germany (-5.1 percent), Portugal (-2.9 percent), Spain (-2.8 percent), Italy (-2.6 percent) and France (-1.9 percent). The highest increases were registered in Estonia (+7.9 percent), Poland (+5.3 percent) and Hungary (+3.5 percent).

On a monthly basis, industrial production in the Euro Area fell 1.7 percent in November of 2018, following a downwardly revised 0.1 percent gain in October and worse than market expectations of a 1.5 percent drop. It is the biggest decline in industrial output since February of 2016, amid declines in all segments: intermediate goods (-1.2 percent vs 0.1 percent in October); capital goods (-2.3 percent vs 0.7 percent); durables (-1.7 percent vs 0.5 percent); non-durables (-1 percent vs -0.1 percent) and energy (-0.6 percent vs -1.4 percent). Considering the EU28, production went down 1.3 percent after a 0.1 percent gain in October.


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
1/14/2019 11:40:28 AM


News

Eurozone Industrial Output Growth Above Forecasts
Industrial output in the Euro Area rose 1.2 percent from a year earlier in October 2018, following a downwardly revised 0.8 percent growth in the previous month and easily beating market consensus of a 0.7 percent increase.
Published on 2018-12-12

Euro Area Industrial Output Rises More than Expected
Industrial production in the Euro Area increased 0.9 percent year-on-year in September of 2018, following an upwardly revised 1.1 percent increase in August. Figures beat market expectations of a 1.1 percent rise, due to gains in capital and non-durable goods.
Published on 2018-11-14

Eurozone Industrial Output Rises Faster in August
Industrial production in the Euro Area increased 0.9 percent year-on-year in August of 2018, following a 0.3 percent rise in July and beating market expectations of a 0.2 percent drop. Production rose faster for non-durables but continued to fall for energy and durable goods.
Published on 2018-10-12

Eurozone Industrial Output Falls for 1st Time in 1-1/2 Years
Industrial production in the Euro Area edged down 0.1 percent from a year earlier in July 2018, following a downwardly revised 2.3 percent growth in the previous month and missing market consensus of a 1 percent increase. It was the first output contraction since January 2017 mainly due to declines in production of durable consumer goods and energy.
Published on 2018-09-12



Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.82 1.04 1.62 -3.28 Index Points [+]
Manufacturing PMI 51.40 51.80 60.60 33.50 [+]
Services PMI 51.20 53.40 58.30 39.20 Index Points [+]
Composite Pmi 51.10 52.70 58.80 45.70 Index Points [+]
Industrial Production -3.30 1.20 9.60 -21.30 percent [+]
Industrial Production Mom -1.70 0.10 3.30 -3.90 percent [+]
Manufacturing Production -3.10 1.50 10.00 -21.80 percent [+]
Capacity Utilization 83.90 84.10 85.30 69.60 percent [+]
Changes In Inventories 24.92 14.80 25.09 -27.31 EUR Billion [+]
Zew Economic Sentiment Index -21.00 -22.00 89.90 -63.70 [+]
Car Registrations 862.12 806.26 1169.19 669.00 Thousand [+]
Mining Production -8.20 -5.40 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-3.30 1.20 9.60 -21.30 1991 - 2018 percent Monthly
WDA




Country Last Previous
Argentina -13.30 Nov/18
Australia 2.80 Sep/18
Brazil -0.90 Nov/18
Canada 4.20 Oct/18
China 5.40 Nov/18
Euro Area -3.30 Nov/18
France -2.10 Nov/18
Germany -4.70 Nov/18
India 0.50 Nov/18
Indonesia 0.60 Oct/18
Italy -2.60 Nov/18
Japan 1.40 Nov/18
Mexico -1.30 Nov/18
Netherlands 0.40 Nov/18
Russia 2.40 Nov/18
Saudi Arabia 5.84 Jun/18
Singapore 7.60 Nov/18
South Africa 1.60 Nov/18
South Korea 0.10 Nov/18
Spain -2.60 Nov/18
Switzerland 1.40 Sep/18
Turkey -6.50 Nov/18
United Kingdom -1.50 Nov/18
United States 3.90 Nov/18


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