Industrial production in the Euro Area decreased 0.3 percent from a month earlier in March of 2019, following a downwardly revised 0.1 percent fall in February, in line with market expectations and making the second straight monthly decline. Output declined at a softer pace for energy (-0.3 percent from -3.4 percent) and production rebounded for capital goods (0.4 percent from -0.1 percent) and durable consumer goods (0.7 percent from -0.5 percent). On the other hand, output fell for non-durable consumer goods (-1 percent from 0.9 percent). Industrial Production Mom in the Euro Area averaged 0.09 percent from 1990 until 2019, reaching an all time high of 3.40 percent in January of 2016 and a record low of -4 percent in November of 2008.
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 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.