Eurozone industrial production dropped 0.4 percent from a month earlier in September 2020, following four consecutive months of growth and missing market expectations of a 0.7 percent increase. Output of durable consumer goods, such as televisions and washing machines, shrank 5.3 percent; and energy production was also down by 1 percent. In contrast, there were increases in production of non-durable consumer goods (2.1 percent vs -1.3 percent), capital goods (0.6 percent vs -1.7 percent), and intermediate goods (0.5 percent vs 3.1 percent). The steepest monthly declines were in Italy, Ireland and Portugal, while many other countries, such as the bloc's largest economies Germany and France, recorded increases. source: Eurostat
Industrial Production Mom in the Euro Area averaged 0.07 percent from 1990 until 2020, reaching an all time high of 12.50 percent in May of 2020 and a record low of -18 percent in April of 2020. 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. Euro Area Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Industrial Production Mom in Euro Area is expected to be -0.40 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 -1.20 in 12 months time. In the long-term, the Euro Area Industrial Production MoM is projected to trend around 0.70 percent in 2021 and 0.50 percent in 2022, according to our econometric models.