Industrial production in the Euro Area surged 1.4 percent from a month earlier in January 2019, reversing a 0.9 percent fall in December and beating market consensus of a 1 percent rise. 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). Industrial Production Mom in the Euro Area averaged 0.08 percent from 1990 until 2019, reaching an all time high of 3.20 percent in January of 2016 and a record low of -3.90 percent in November of 2008.
Industrial Production Mom in Euro Area is expected to be 0.30 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 0.40 in 12 months time. In the long-term, the Euro Area Industrial Production MoM is projected to trend around 0.40 percent in 2020, according to our econometric models.