Industrial production in the Euro Area jumped 12.4 percent over a month earlier in May 2020, rebounding from an upwardly revised 18.2 percent slump in the previous month and compared with market expectations of a 15 percent increase. It was the biggest rise in industrial output on record, as several business and factories resumed operations following lockdowns due to the coronavirus pandemic. Production of durable consumer goods went up by 47.7 percent, capital goods by 24.8 percent, intermediate goods by 8.7 percent, energy by 2.5 percent and non-durable consumer goods by 1.8 percent. Among the bloc’s largest economies, production rose in Italy (+42.1 percent), France (+20.0 percent) and Germany (+9.7 percent).
Industrial Production Mom in the Euro Area averaged 0.03 percent from 1990 until 2020, reaching an all time high of 12.40 percent in May of 2020 and a record low of -18.20 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 - values, historical data and charts - was last updated on August of 2020. source: Eurostat
Industrial Production Mom 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 Mom in Euro Area to stand at 0.90 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.