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. Output continued to contract for capital, intermediate and durable consumer goods while a rebound was seen in production of both energy and non-durable consumer goods. Industrial Production in the Euro Area averaged 1.12 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 1.60 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 2.60 percent in 2020, according to our econometric models.

Euro Area Industrial Production
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Calendar GMT Actual Previous Consensus TEForecast
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 -4.2% -3% -3.2% -2%
2019-03-13 10:00 AM Industrial Production YoY -1.1% -4.2% -2.1% -3.6%
2019-04-12 09:00 AM Industrial Production YoY -1.1% 0.7%
2019-05-14 09:00 AM Industrial Production YoY 1.6%
2019-06-13 09:00 AM Industrial Production YoY



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.

Production of capital goods posted the biggest decrease (-3 percent vs -4.9 percent in December), followed by intermediate goods (-1.8 percent vs -3.5 percent) and durable consumer goods (-1.2 percent vs -4.6 percent). By contrast, there was a rebound in production of both energy (4 percent vs -4.3 percent) and non-durable consumer goods (0.7 percent vs -2.6 percent).

Among Eurozone's largest economies, Germany's industrial output contracted the most (-3.4 percent vs -3.2 percent), followed by Italy (-0.8 percent vs -5.5 percent); while production increases were seen in Spain (2.9 percent vs -6.7 percent) and France (2.2 percent vs -2.8 percent).

In the EU28, industrial production shrank 0.4 percent in January (vs -2.8 percent in December) as output dropped for: capital goods (-2.4 percent vs -3.9 percent); intermediate goods (-1.2 percent vs -2.7 percent); and durable consumer goods (-0.1 percent vs -2.7 percent). Meanwhile, energy production rose 2.9 percent (vs -1.7 percent in December) and non-durable consumer goods output grew 1.4 percent (vs -0.7 percent in December).

On a monthly basis, industrial output surged 1.4 percent in January (vs -0.9 percent in December), also beating market consensus of a 1 percent rise, as output increased for all categories: energy (2.4 percent vs -0.6 percent); non-durable consumer goods (2 percent vs -2 percent); durable consumer goods (1.1 percent vs 0.3 percent); capital goods (0.9 percent vs -1.1 percent); and intermediate goods (0.2 percent vs 0.3 percent).

The biggest output gains were seen in Spain (3.6 percent vs -1.2 percent), Italy (1.7 percent vs -0.7 percent) and France (1.3 percent vs unchanged), while production decreased in Germany (-0.9 percent vs 0.9 percent).

In the EU28, output went up 1 percent in January (vs -0.4 percent in December) due to production of energy (1.4 percent vs 0.3 percent), durable consumer goods (1.3 percent vs 0.2 percent), non-durable consumer goods (1 percent vs -0.7 percent), capital goods (0.9 percent vs -0.9 percent) and intermediate goods (0.3 percent, the same as in December).


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/13/2019 10:33:12 AM



Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.69 0.69 1.62 -3.29 Index Points [+]
Manufacturing PMI 47.60 49.30 60.60 33.50 [+]
Services PMI 52.70 52.80 58.30 39.20 Index Points [+]
Composite Pmi 51.30 51.90 58.80 45.70 Index Points [+]
Industrial Production -1.10 -4.20 9.70 -21.40 percent [+]
Industrial Production Mom 1.40 -0.90 3.20 -3.90 percent [+]
Manufacturing Production -1.90 -4.00 10.00 -21.80 percent [+]
Capacity Utilization 83.60 83.90 85.30 69.60 percent [+]
Changes In Inventories 12.09 25.46 25.46 -27.24 EUR Billion [+]
Zew Economic Sentiment Index -2.50 -16.60 89.90 -63.70 [+]
Car Registrations 926.05 927.13 1169.19 669.00 Thousand [+]
Mining Production -5.60 -6.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.10 -4.20 9.70 -21.40 1991 - 2019 percent Monthly
WDA




Country Last Previous
Argentina -10.80 Jan/19
Australia 2.80 Sep/18
Brazil -2.60 Jan/19
Canada 4.20 Oct/18
China 5.30 Feb/19
Euro Area -1.10 Jan/19
France 1.70 Jan/19
Germany -3.30 Jan/19
India 1.70 Jan/19
Indonesia 5.20 Jan/19
Italy -0.80 Jan/19
Japan 0.30 Jan/19
Mexico -0.90 Jan/19
Netherlands 0.40 Nov/18
Russia 4.10 Feb/19
Saudi Arabia 5.84 Jun/18
Singapore -3.10 Jan/19
South Africa 0.30 Jan/19
South Korea 0.10 Jan/19
Spain 2.40 Jan/19
Switzerland 5.10 Dec/18
Turkey -7.30 Jan/19
United Kingdom -0.90 Jan/19
United States 3.50 Feb/19


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