Industrial production in the Euro Area experienced a significant decline of 4.1 percent month-over-month in March 2023, larger than the market consensus, which anticipated a 2.5 percent decrease. The magnitude of the decline was the most substantial since the pandemic-induced plunge, driven by a sharp decrease in the production of capital goods, including buildings and equipment used in the production of goods and services, which saw a notable drop of 15.4 percent. Furthermore, output also declined for intermediate goods (-1.8 percent), energy (-0.9 percent) and non-durable consumer goods (-0.8 percent). Among the economies within the Euro Area, Ireland experienced the most significant losses, with a plunge of 26.3 percent in output. Other countries that observed declines in industrial production were Germany (-3.1 percent), the Netherlands (-1.7 percent), France (-1.1 percent), and Italy (-0.6 percent). However, Spain's industrial production saw a positive growth of 1.4 percent. source: EUROSTAT

Industrial Production Mom in Euro Area averaged 0.09 percent from 1990 until 2023, reaching an all time high of 14.20 percent in May of 2020 and a record low of -19.40 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 June of 2023.

Industrial Production Mom in Euro Area is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Industrial Production MoM is projected to trend around 0.50 percent in 2024 and 0.30 percent in 2025, according to our econometric models.

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Euro Area Industrial Production MoM



Calendar GMT Actual Previous Consensus TEForecast
2023-04-13 09:00 AM Feb 1.5% 1% 1% 0.8%
2023-05-15 09:00 AM Mar -4.1% 1.5% -2.5% -1.8%
2023-06-14 09:00 AM Apr -4.1% 1% 1.9%


Related Last Previous Unit Reference
Industrial Production Mom -4.10 1.50 percent Mar 2023
Industrial Production -1.40 2.00 percent Mar 2023
Manufacturing Production -0.90 2.90 percent Mar 2023
Changes in Inventories 43.31 64.72 EUR Billion Dec 2022
Mining Production -10.40 -4.60 percent Mar 2023

Euro Area Industrial Production MoM
In Euro Area, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.
Actual Previous Highest Lowest Dates Unit Frequency
-4.10 1.50 14.20 -19.40 1990 - 2023 percent Monthly

News Stream
Eurozone Industrial Output Falls Most Since 2020
Industrial production in the Euro Area experienced a significant decline of 4.1 percent month-over-month in March 2023, larger than the market consensus, which anticipated a 2.5 percent decrease. The magnitude of the decline was the most substantial since the pandemic-induced plunge, driven by a sharp decrease in the production of capital goods, including buildings and equipment used in the production of goods and services, which saw a notable drop of 15.4 percent. Furthermore, output also declined for intermediate goods (-1.8 percent), energy (-0.9 percent) and non-durable consumer goods (-0.8 percent). Among the economies within the Euro Area, Ireland experienced the most significant losses, with a plunge of 26.3 percent in output. Other countries that observed declines in industrial production were Germany (-3.1 percent), the Netherlands (-1.7 percent), France (-1.1 percent), and Italy (-0.6 percent). However, Spain's industrial production saw a positive growth of 1.4 percent.
2023-05-15
Eurozone Industrial Output Rises for 2nd Month
Industrial production in the Euro Area rose by 1.5 percent from a month earlier in February 2023, a second consecutive month of increase and above market expectations of a 1.0 percent growth. There was a rebound in the production of energy (1.1 percent vs -0.2 percent in January), durable (0.2 percent vs -0.5 percent) and non-durable consumer goods (1.9 percent vs -2.1 percent). In addition, output grew for a second month in a row for both intermediate (1.1 percent vs 1.5 percent) and capital goods (2.2 percent vs 0.1 percent). On a yearly basis, industrial production rose by 2.0 percent, easily beating forecasts of 1.5 percent advance.
2023-04-13
Eurozone Industrial Output Rises More than Forecast
Industrial production in the Euro Area rose by 0.7 percent from a month earlier in January 2023, partially recovering from a revised 1.3 percent decline in December and beating market expectations of a 0.4 percent growth, as intermediate goods output increased by 1.5 percent, rebounding from a 2.7 percent slump the month before. On the other hand, production was down for non-durable consumer goods (-2.1 percent vs -2.3 percent), energy products (-0.8 percent vs 3.4 percent), durable consumer goods (-0.7 percent vs -1.2 percent), and capital goods (-0.2 percent, the same pace as in December). On a yearly basis, industrial production expanded by 0.9 percent in January, easily beating market consensus of a 0.2 percent growth.
2023-03-15