Industrial Production In the Euro Area decreased 28 percent in April of 2020 over the same month in the previous year.

Industrial Production in the Euro Area averaged 0.89 percent from 1991 until 2020, reaching an all time high of 9.70 percent in August of 2000 and a record low of -28 percent in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Eurostat

Industrial Production in Euro Area is expected to be -7.00 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 15.00 in 12 months time. In the long-term, the Euro Area Industrial Production is projected to trend around 5.00 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Euro Area Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-28.00 -13.50 9.70 -28.00 1991 - 2020 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-03-12 10:00 AM Jan -1.9% -3.6% -3.1% -2.2%
2020-04-16 09:00 AM Feb -1.9% -1.7% -2% -2.2%
2020-05-13 09:00 AM Mar -12.9% -2.2% -12.4% -13.6%
2020-06-12 09:00 AM Apr -28% -13.5% -29.5% -31.2%
2020-07-14 09:00 AM May -28% -21.6% -20.2%
2020-08-12 09:00 AM Jun -18%
2020-09-14 09:00 AM Jul
2020-10-14 09:00 AM Aug

News Stream
Eurozone Industrial Output Falls the Most Since 2009
The Eurozone industrial production fell 12.9 percent from a year earlier in March 2020, the steepest decline since August 2009 and compared to market expectations of a 12.4 percent contraction, as the COVID-19 pandemic hit businesses and activity. The biggest decreases were seen in the production of capital and durable consumer goods, followed by intermediate goods, energy and non-durable consumer goods.
Eurozone Industrial Output Continues to Contract
The Eurozone industrial production fell 1.9 percent from a year earlier in February 2020, following a revised 1.7 percent drop in the previous month and compared to market expectations of a 2 percent contraction. Capital goods output shrank 3.6 percent (vs -1.7 percent in January) and energy production slumped 2.2 percent (vs -6.9 percent in January). Also, intermediate goods output continued to fall (-0.8 percent vs -1.5 percent).
Eurozone Industrial Output Posts Biggest Annual Fall in a Year
Industrial production in the Euro Area plunged 4.1 percent from a year earlier in December 2019, following a revised 1.7 percent contraction in the previous month and compared to market forecasts of a 2.3 percent decline. The latest figure matched the December 2018 drop, which was the biggest since November 2009. Capital goods output led the falls (-6.7 percent), followed by intermediate goods (-5.5 percent), energy (-2.3 percent) and durable consumer goods (-1.4 percent). Among the bloc's largest economies, there was a contraction in Germany, Italy and France, while Spain's output was little changed. Considering 2019 full year, industrial output shrank 1.7 percent, the steepest contraction since 2012.
Eurozone Industrial Output Falls More than Expected
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.

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.