Industrial production in the Euro Area fell 1.5 percent from a year earlier in November 2019, following an upwardly revised 2.6 percent decline in October and compared with market consensus of a 1.1 percent decrease. This was the 13th straight month of contraction in the industry sector, as output continued to fall for capital goods (-2 percent vs -5.2 percent in October); intermediate (-2.8 percent vs -3.4 percent); and energy (-1.9 percent vs -2.6 percent). Meanwhile, increases were recorded in durable (1.2 percent vs 0.8 percent) and non-durable consumer goods output (1.6 percent vs 3.3 percent). Among the Eurozone’s largest economies, industrial output in Germany (-4 percent) and Italy (-0.6 percent) shrank; while in Spain (2.1 percent) and France (1.2 percent) rose. On a monthly basis, industrial output rose 0.2 percent, rebounding from an upwardly revised 0.9 percent fall in the prior month.

Industrial Production in the Euro Area averaged 1.04 percent from 1991 until 2019, reaching an all time high of 9.70 percent in August of 2000 and a record low of -21.40 percent in April of 2009. This page provides the latest reported value for - Euro Area Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Eurostat

Industrial Production 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 in Euro Area to stand at 1.40 in 12 months time. In the long-term, the Euro Area Industrial Production is projected to trend around 2.00 percent in 2020, according to our econometric models.


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Euro Area Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-1.50 -2.60 9.70 -21.40 1991 - 2019 percent Monthly
WDA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-14 09:00 AM Aug -2.8% -2.1% -2.5% -2.8%
2019-11-13 10:00 AM Sep -1.7% -2.8% -2.3% -3.2%
2019-12-12 10:00 AM Oct -2.2% -1.8% -2.3% -2.4%
2020-01-15 10:00 AM Nov -1.5% -2.6% -1.1% -1.4%
2020-02-12 10:00 AM Dec -1.5% -3.6%


News Stream
2019-12-12
Eurozone Industrial Output Falls for 12th Month
Industrial production in the Euro Area shrank 2.2 percent from a year earlier in October 2019, following a revised 1.8 percent fall in the previous month and compared to market expectations of 2.3 percent drop. This was the 12th consecutive month of contraction in the industry sector led by declines in capital and intermediate goods output.

2019-11-13
Eurozone Industrial Output Continues to Contract
Industrial production in the Euro Area declined 1.7 percent from a year earlier in September 2019, following a 2.8 percent fall in the previous month and compared to market expectations of 2.3 percent drop. This was the 11th consecutive month of contraction in the industry sector.

2019-10-14
Eurozone Industrial Output Contracts More than Expected
Industrial production in the Euro Area dropped 2.8 percent from a year earlier in August 2019, following an upwardly revised 2.1 percent fall in the previous month and compared with market expectations of a 2.5 percent decrease. This was the tenth consecutive month of contraction in the industry sector, the longest drop since the eurozone debt crisis eight years ago, and the steepest since December 2018. On a monthly basis, industrial output increased 0.4 percent in August, recovering from a 0.4 percent fall in the previous month and above market forecasts of a 0.3 percent rise. It was the first monthly gain in industrial activity since May.

2019-09-12
Eurozone Industrial Output Falls More than Expected
Industrial production in the Euro Area declined 2 percent from a year earlier in July 2019, following a 2.4 percent fall in the previous month and compared to market expectations of 1.3 percent drop. This was the ninth consecutive month of contraction in the industry sector, due to falls in intermediate and capital goods output, and energy production.

2019-08-14
Eurozone Industrial Output Falls the Most in 6 Months
Industrial production in the Euro Area slumped 2.6 percent from a year earlier in June 2019, following a 0.8 percent decline in the previous month and compared with market expectations of a 1.2 percent fall. It was the steepest downturn in industrial activity since December, driven by capital and intermediate goods.

2019-07-12
Eurozone Industrial Production Falls Again
Industrial production in the Euro Area declined 0.5 percent from a year earlier in May 2019, following a 0.4 percent contraction in the previous month and compared to market expectations of 1.6 percent drop. This was the seventh consecutive month in which there was no increase in industrial production, due to falls in intermediate and capital goods output.


Euro Area Industrial Production
In Euro Area, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.

Euro Area Business Last Previous Highest Lowest Unit
Business Confidence -0.25 -0.21 1.64 -3.32 points [+]
Services PMI 52.20 52.80 58.30 39.20 points [+]
Manufacturing PMI 47.80 46.30 60.60 33.50 points [+]
Composite Pmi 50.90 50.90 58.80 45.70 points [+]
Industrial Production -1.50 -2.60 9.70 -21.40 percent [+]
Industrial Production Mom 0.20 -0.90 3.30 -4.00 percent [+]
Manufacturing Production -1.60 -2.70 10.00 -21.70 percent [+]
Capacity Utilization 81.20 81.90 85.30 69.60 percent [+]
Changes In Inventories -0.63 10.14 29.74 -23.13 EUR Billion [+]
Zew Economic Sentiment Index 25.60 11.20 89.90 -63.70 [+]
Car Registrations 1012.92 940.40 1147.81 672.70 Thousand [+]
Industrial Sentiment -9.30 -9.10 10.20 -37.70 [+]
Mining Production -3.10 -5.80 42.30 -27.80 percent [+]
Services Sentiment 11.40 9.20 35.30 -25.20 [+]