Euro Area Industrial Production  1991-2018 | Data | Chart | Calendar

Industrial production in the Euro Area edged down 0.1 percent from a year earlier in July 2018, following a downwardly revised 2.3 percent growth in the previous month and missing market consensus of a 1 percent increase. It was the first output contraction since January 2017 mainly due to declines in production of durable consumer goods and energy. Industrial Production in the Euro Area averaged 1.16 percent from 1991 until 2018, reaching an all time high of 9.20 percent in December of 2010 and a record low of -21.40 percent in April of 2009.

Euro Area Industrial Production
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Eurozone Industrial Output Falls for 1st Time in 1-1/2 Years


Industrial production in the Euro Area edged down 0.1 percent from a year earlier in July 2018, following a downwardly revised 2.3 percent growth in the previous month and missing market consensus of a 1 percent increase. It was the first output contraction since January 2017 mainly due to declines in production of durable consumer goods and energy.

Production of durable consumer goods posted the biggest decline (-2.3 percent vs 1.4 percent in June), followed by energy (-2.1 percent vs -3.4 percent), non-durable consumer goods (-0.5 percent vs 2.3 percent), and intermediate goods (-0.1 percent vs 1.7 percent). On the other hand, capital goods output grew 1.4 percent, easing from a 4.5 percent advance in the previous month.

In the EU28, industrial production went up 0.8 percent in July, following a 2.5 percent gain in June, as output increased at slower pace for capital goods (2.1 percent vs 4.5 percent), intermediate goods (0.6 percent vs 2.1 percent), non-durable consumer goods (0.5 percent vs 2.7 percent), and durable consumer goods (0.3 percent vs 2.4 percent). Energy output, however, continued to contract (-0.9 percent vs -2.6 percent).

Among Member States for which data are available, the highest increases in industrial production were registered in Poland (7.9 percent), the Czech Republic (6.7 percent) and Slovenia (5.9 percent), and the largest decreases in Malta (-6.4 percent), Ireland (-6.2 percent) and the Netherlands (-2.1 percent).

On a monthly basis, industrial output shrank 0.8 percent in July, the same pace as in June and worse than market expectations of a 0.5 percent drop. Output fell for: durable consumer goods (-1.9 percent vs -0.1 percent); non-durable consumer goods (-1.3 percent vs -1.1 percent); and intermediate goods (-0.8 percent vs -0.5 percent). By contrast, there was a rebound in production of both capital goods (0.8 percent vs -1.9 percent) and energy (0.7 percent vs -0.2 percent).

In the EU28, output dropped 0.7 percent in July, following a decline of 0.5 percent in June, due to lower production of non-durable consumer goods (-1.3 percent vs -0.4 percent), durable consumer goods (-1 percent vs -0.1 percent), and intermediate goods (-0.6 percent vs -0.4 percent). On the other hand, energy output rose 0.7 percent, after being unchanged in the previous month; and production of capital goods moved up 0.6 percent, recovering from a 1.3 percent slump in June.

Among Member States for which data are available, the largest decreases in industrial production were registered in Malta (-6.3 percent), Croatia (-5 percent) and Sweden (-4.1 percent), and the highest increases in Denmark (3.6 percent), Ireland (2.8 percent) and Latvia (1.8 percent).


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/12/2018 9:40:45 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-12 09:00 AM Industrial Production YoY 2.4% 1.7% 2.1% 2.5%
2018-08-14 09:00 AM Industrial Production YoY 2.5% 2.6% 2.6% 2.3%
2018-09-12 09:00 AM Industrial Production YoY -0.1% 2.3% 1% 1.1%
2018-10-12 09:00 AM Industrial Production YoY -0.1% 1.2%
2018-11-14 10:00 AM Industrial Production YoY 3.4%
2018-12-12 10:00 AM Industrial Production YoY 2.9%


Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 1.22 1.30 1.63 -3.27 Index Points [+]
Manufacturing PMI 54.60 55.10 60.60 33.50 [+]
Services PMI 54.40 54.20 58.30 39.20 Index Points [+]
Composite Pmi 54.50 54.30 58.80 45.70 Index Points [+]
Industrial Production -0.10 2.30 9.20 -21.40 percent [+]
Industrial Production Mom -0.80 -0.80 3.30 -3.90 percent [+]
Manufacturing Production 0.20 2.90 10.10 -21.70 percent [+]
Capacity Utilization 84.10 84.40 85.30 69.60 percent [+]
Changes In Inventories 15.80 9.03 25.28 -27.57 EUR Billion [+]
Zew Economic Sentiment Index -7.20 -11.10 89.90 -63.70 [+]
Car Registrations 943.06 947.92 1130.00 669.00 Thousand [+]
Mining Production -6.50 -1.10 42.30 -26.80 percent [+]


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. 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. Euro Area Industrial Production - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 2.30 9.20 -21.40 1991 - 2018 percent Monthly
WDA




industrial production by Country
Country Last
Argentina -5.70 Jul/18
Australia 4.40 Mar/18
Brazil 4.00 Jul/18
Canada 3.60 May/18
China 6.10 Aug/18
Euro Area -0.10 Jul/18
France 1.80 Jul/18
Germany 1.10 Jul/18
India 6.60 Jul/18
Indonesia 1.00 Jun/18
Italy -1.30 Jul/18
Japan 2.20 Jul/18
Mexico 1.30 Jul/18
Netherlands -1.80 Jul/18
Russia 2.70 Aug/18
Saudi Arabia 3.44 Mar/18
Singapore 6.00 Jul/18
South Africa 2.90 Jul/18
South Korea 0.90 Jul/18
Spain 0.50 Jul/18
Switzerland 8.30 Jun/18
Turkey 5.60 Jul/18
United Kingdom 0.90 Jul/18
United States 4.90 Aug/18


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