Industrial production in the Euro Area slumped 4.2 percent from a year earlier in December 2018, following a downwardly revised 3 percent contraction in the previous month and compared to market expectations of 3.2 percent drop. It was the steepest decline in industrial production since November 2009 as output fell for all categories. Among Eurozone's largest economies, Spain posted the largest decrease, followed by Italy, Germany and France. Industrial Production in the Euro Area averaged 1.12 percent from 1991 until 2018, reaching an all time high of 9.60 percent in August of 2000 and a record low of -21.30 percent in April of 2009.

Industrial Production in Euro Area is expected to be 2.60 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 2.90 in 12 months time. In the long-term, the Euro Area Industrial Production is projected to trend around 2.40 percent in 2020, according to our econometric models.

Euro Area Industrial Production
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-14 10:00 AM Industrial Production YoY 0.9% 1.1% 0.3% 3.4%
2018-12-12 10:00 AM Industrial Production YoY 1.2% 0.8% 0.7% 1.5%
2019-01-14 10:00 AM Industrial Production YoY -3.3% 1.2% -2.3% -1.7%
2019-02-13 10:00 AM Industrial Production YoY -4.2% -3% -3.2% -2%
2019-03-13 10:00 AM Industrial Production YoY -4.2%
2019-04-12 09:00 AM Industrial Production YoY
2019-05-14 09:00 AM Industrial Production YoY 2.6%



Eurozone Industrial Output Contracts the Most in 9 Years

Industrial production in the Euro Area slumped 4.2 percent from a year earlier in December 2018, following a downwardly revised 3 percent contraction in the previous month and compared to market expectations of 3.2 percent drop. It was the steepest decline in industrial production since November 2009 as output fell for all categories.

Production of capital goods posted the biggest decrease (-5.5 percent vs -4.4 percent in November), followed by durable consumer goods (-4.4 percent vs -3.6 percent), enery (-4.2 percent vs -4 percent), intermediate goods (-4 percent vs -3.1 percent) and non-durable consumer goods (-1.8 percent vs 0.9 percent).

Among Eurozone's largest economies, Spain's industrial output contracted the most (-6.7 percent vs -3.2 percent), followed by Italy (-5.5 percent vs -2.6 percent), Germany (-3.9 percent vs -4.5 percent) and France (-1.7 percent vs -2 percent).

In the EU28, industrial production shrank 2.7 percent percent in December (vs -1.9 percent in November) as output contracted for all categories: capital goods (-4.2 percent vs -2.9 percent); intermediate goods (-3.2 percent vs -2.3 percent); durable consumer goods (-2.9 percent vs -1.4 percent); energy (-1.5 percent vs -3.2 percent); and non-durable consumer goods (-0.2 percent vs 1.2 percent).

On a monthly basis, industrial output fell 0.9 percent in December (vs -1.7 percent in November), worse than market expectations of a 0.4 percent drop. Output shrank for capital goods (-1.5 percent vs -2.7 percent), non-durable consumer goods (-1.5 percent vs -0.4 percent) and energy (-0.4 percent vs 0.2 percent). On the other hand, production of durable consumer goods rose 0.7 percent (vs -1.8 percent in November) while that of intermediate goods was unchanged (vs -1.2 percent in November).

The biggest output declines were seen in Spain (-1.4 percent vs -1.9 percent) and Italy (-0.8 percent vs -1.7 percent), while production increased in France (0.8 percent vs -1.4 percent) and Germany (0.2 percent vs -1.4 percent).

In the EU28, output went down 0.5 percent in December (vs -1.2 percent in November) due to production of capital goods (-1.2 percent vs -2 percent) and non-durable consumer goods (-0.2 percent, the same as in November). Meanwhile, intermediate goods production was flat (vs -1.1 percent in November), while output growth was recorded for both energy (0.4 percent vs -0.1 percent) and durable consumer goods (0.1 percent vs -1.2 percent).


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/13/2019 11:30:25 AM



Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.69 0.86 1.62 -3.29 Index Points [+]
Manufacturing PMI 50.50 51.40 60.60 33.50 [+]
Services PMI 51.20 51.20 58.30 39.20 Index Points [+]
Composite Pmi 51.00 51.10 58.80 45.70 Index Points [+]
Industrial Production -4.20 -3.00 9.60 -21.30 percent [+]
Industrial Production Mom -0.90 -1.70 3.30 -4.00 percent [+]
Manufacturing Production -4.00 -2.90 10.00 -21.80 percent [+]
Capacity Utilization 83.60 83.90 85.30 69.60 percent [+]
Changes In Inventories 24.92 14.80 25.09 -27.31 EUR Billion [+]
Zew Economic Sentiment Index -20.90 -21.00 89.90 -63.70 [+]
Car Registrations 927.13 884.46 1169.19 669.00 Thousand [+]
Mining Production -7.40 -8.70 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-4.20 -3.00 9.60 -21.30 1991 - 2018 percent Monthly
WDA




Country Last Previous
Argentina -14.70 Dec/18
Australia 2.80 Sep/18
Brazil -3.60 Dec/18
Canada 4.20 Oct/18
China 5.70 Dec/18
Euro Area -4.20 Dec/18
France -1.40 Dec/18
Germany -3.90 Dec/18
India 2.40 Dec/18
Indonesia 0.60 Oct/18
Italy -5.50 Dec/18
Japan -1.90 Dec/18
Mexico -2.50 Dec/18
Netherlands 0.40 Nov/18
Russia 1.10 Jan/19
Saudi Arabia 5.84 Jun/18
Singapore 2.70 Dec/18
South Africa 0.10 Dec/18
South Korea 1.60 Dec/18
Spain -6.20 Dec/18
Switzerland 1.40 Sep/18
Turkey -9.80 Dec/18
United Kingdom -0.90 Dec/18
United States 3.80 Jan/19


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