Industrial production in the Euro Area experienced a significant decline of 4.1 percent month-over-month in March 2023, larger than the market consensus, which anticipated a 2.5 percent decrease. The magnitude of the decline was the most substantial since the pandemic-induced plunge, driven by a sharp decrease in the production of capital goods, including buildings and equipment used in the production of goods and services, which saw a notable drop of 15.4 percent. Furthermore, output also declined for intermediate goods (-1.8 percent), energy (-0.9 percent) and non-durable consumer goods (-0.8 percent). Among the economies within the Euro Area, Ireland experienced the most significant losses, with a plunge of 26.3 percent in output. Other countries that observed declines in industrial production were Germany (-3.1 percent), the Netherlands (-1.7 percent), France (-1.1 percent), and Italy (-0.6 percent). However, Spain's industrial production saw a positive growth of 1.4 percent. source: EUROSTAT
Industrial Production Mom in Euro Area averaged 0.09 percent from 1990 until 2023, reaching an all time high of 14.20 percent in May of 2020 and a record low of -19.40 percent in April of 2020. This page provides the latest reported value for - Euro Area Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Industrial Production Mom in Euro Area is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Industrial Production MoM is projected to trend around 0.50 percent in 2024 and 0.30 percent in 2025, according to our econometric models.