Eurozone industrial production dropped 1.6 percent from a month earlier in December 2020, ending a seven-month period of growth and compared with market expectations of a 1.0 percent decrease. Capital goods output fell 3.1 percent (vs 6.8 percent in November) and non-durable consumer goods production shrank 0.6 percent (vs -1.3 percent in November). Meanwhile, output of durable consumer goods, such as televisions and washing machines, rose 0.8 percent, after a 1.0 percent decline in the previous month. Production also grew for both energy (1.4 percent vs -4.0 percent) and intermediate goods (1.0 percent vs 1.8 percent). On a yearly basis, industrial production was down 0.8 percent, a 26th month of contraction and compared with forecasts of a 0.3 percent decline. source: EUROSTAT
Industrial Production Mom in the Euro Area averaged 0.08 percent from 1990 until 2020, reaching an all time high of 12.30 percent in May of 2020 and a record low of -18.30 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 February of 2021.
Industrial Production Mom in Euro Area is expected to be 1.00 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 0.70 in 12 months time. In the long-term, the Euro Area Industrial Production MoM is projected to trend around 0.50 percent in 2022, according to our econometric models.