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.