Industrial production in the Euro Area fell 0.6 percent from a year earlier in March of 2019, after showing no growth in the previous month and compared with market expectations of a 0.8 percent decline. Output dropped faster for energy and slowed for both durable consumer goods and non-durable consumer goods. On the other hand, production advanced further for intermediate goods and capital goods. On a monthly basis, industrial output edged down 0.3 percent. Industrial Production in the Euro Area averaged 1.11 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.

Industrial Production in Euro Area is expected to be 3.20 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 2.50 in 12 months time. In the long-term, the Euro Area Industrial Production is projected to trend around 2.60 percent in 2020, according to our econometric models.

Euro Area Industrial Production
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-13 10:00 AM Industrial Production YoY -4.2% -3% -3.2% -2%
2019-03-13 10:00 AM Industrial Production YoY -1.1% -4.2% -2.1% -3.6%
2019-04-12 09:00 AM Industrial Production YoY -0.3% -0.7% -1% -1.4%
2019-05-14 09:00 AM Industrial Production YoY -0.6% 0% -0.8% -0.7%
2019-06-13 09:00 AM Industrial Production YoY -0.6%
2019-07-12 09:00 AM Industrial Production YoY
2019-08-14 09:00 AM Industrial Production YoY 3.2%



Eurozone Industrial Output Contracts Less than Expected

Industrial production in the Euro Area fell 0.6 percent from a year earlier in March of 2019, after showing no growth in the previous month and compared with market expectations of a 0.8 percent decline.

Output dropped faster for energy (-6.2 percent from -4.7 percent in February) and slowed for both durable consumer goods (0.1 percent from 0.6 percent) and non-durable consumer goods (1.7 percent from 3.7 percent). On the other hand, production advanced faster for intermediate goods (0.8 percent from 0.4 percent) and capital goods (1.5 percent from 1 percent).

Among Eurozone's largest economies, Spain’s industrial output contracted the most in March (-3.4 percent from -0.1 percent), followed by Germany (-2.5 percent from -1.6 percent), Italy (-1.4 percent from 0.9 percent) and France (-1 percent from -0.2 percent).

In the EU28, industrial production went up 0.4 percent in March (from 0.5 percent in February), as output slowed for both durable consumer goods (0.1 percent from 0.6 percent) and non-durable consumer goods (1.7 percent from 3.7 percent). In addition, production fell further for energy (-6.2 percent from -4.7 percent) while it increased faster for intermediate goods (0.8 percent from 0.4 percent) and capital goods (1.5 percent from 1 percent). 

On a monthly basis, industrial output edged down 0.3 percent from a month earlier in March of 2019, following a downwardly revised 0.1 percent decrease in February and in line with market consensus. 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).

The biggest output declines were seen Spain (-1.2 percent from -1 percent); France (-1 percent from 0.1 percent) and Italy (-0.9 percent from 0.8 percent) while gains where seen in Germany (0.4 percent from -0.2 percent). 

In the EU28, output edged down 0.1 percent, after showing no growth in the previous month, as intermediate goods output was unchanged, following a 0.3 percent gain in February. Meanwhile, production fell at a softer pace for energy (-0.2 percent from -2.6 percent) and it dropped for non-durable consumer goods (-0.5 percent from 0.7 percent). On the other hand, output rose for durable consumer goods (0.5 percent from a flat reading) and capital goods (0.4 percent from 0.2 percent). 


Eurostat | Agna Gabriel | agna.gabriel@tradingeconomics.com
5/14/2019 9:24:56 AM



Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.42 0.54 1.62 -3.30 Index Points [+]
Manufacturing PMI 47.90 47.50 60.60 33.50 [+]
Services PMI 52.80 53.30 58.30 39.20 Index Points [+]
Composite Pmi 51.50 51.60 58.80 45.70 Index Points [+]
Industrial Production -0.60 0.00 9.70 -21.40 percent [+]
Industrial Production Mom -0.30 -0.10 3.40 -4.00 percent [+]
Manufacturing Production 0.30 0.80 10.00 -21.80 percent [+]
Capacity Utilization 82.80 83.60 85.30 69.60 percent [+]
Changes In Inventories 12.09 25.46 25.46 -27.24 EUR Billion [+]
Zew Economic Sentiment Index -1.60 4.50 89.90 -63.70 [+]
Car Registrations 934.92 892.52 1169.19 669.00 Thousand [+]
Mining Production -3.40 -1.80 42.30 -27.80 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.60 0.00 9.70 -21.40 1991 - 2019 percent Monthly
WDA




Country Last Previous
Argentina -13.40 Mar/19
Australia 2.80 Dec/18
Brazil -6.10 Mar/19
Canada -0.68 Feb/19
China 5.40 Apr/19
Euro Area -0.60 Mar/19
France -0.90 Mar/19
Germany -0.90 Mar/19
India -0.10 Mar/19
Indonesia -4.00 Feb/19
Italy -1.40 Mar/19
Japan -4.30 Mar/19
Mexico -0.15 Mar/19
Netherlands -1.70 Mar/19
Russia 1.20 Mar/19
Saudi Arabia 2.34 Sep/18
Singapore -4.80 Mar/19
South Africa 1.20 Mar/19
South Korea -2.80 Mar/19
Spain -3.10 Mar/19
Switzerland 5.10 Dec/18
Turkey -2.20 Mar/19
United Kingdom 1.30 Mar/19
United States 0.90 Apr/19


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