The Euro Area industrial production slumped 2.1 percent from a month earlier in December 2019, after being unchanged in November and compared to market expectations of a 1.6 percent drop. That was the steepest contraction in the industry sector since February 2016 driven by a 4 percent plunge in capital goods output. Production also contracted for intermediate (-1.7 percent) and consumer goods (-1.3 percent), and energy (-0.5 percent). Among the bloc's largest economies, France's industrial output declined by the most in December (-2.9 percent), followed by Italy (-2.7 percent), Germany (-2.5 percent) and Spain (-1.5 percent).
Industrial Production Mom in the Euro Area averaged 0.07 percent from 1990 until 2019, reaching an all time high of 3.10 percent in January of 2016 and a record low of -4 percent in January of 2009. This page provides the latest reported value for - Euro Area Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Eurostat
Industrial Production Mom 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 Mom in Euro Area to stand at 0.30 in 12 months time. In the long-term, the Euro Area Industrial Production MoM is projected to trend around 0.40 percent in 2021, according to our econometric models.