Industrial production in the Euro Area went down 0.3 percent from a year earlier in February of 2019, following a downwardly revised 0.7 percent decrease in the previous month and compared with market expectations of a 1 percent fall. It is the softest decline in industrial activity since November of 2018. Output dropped at a softer pace for intermediate goods and production rebounded for capital goods and durable consumer goods. Meanwhile, output advanced faster for non-durable consumer goods while it fell for energy. 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
2019-01-14 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 -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 -0.3% 1.6%
2019-06-13 09:00 AM Industrial Production YoY
2019-07-12 09:00 AM Industrial Production YoY



Eurozone Industrial Output Shrinks the Least in 4 Months

Industrial production in the Euro Area went down 0.3 percent from a year earlier in February of 2019, following a downwardly revised 0.7 percent decrease in the previous month and compared with market expectations of a 1 percent fall. It is the softest decline in industrial activity since November of 2018.

Output dropped at a softer pace for intermediate goods (-0.6 percent from -1.4 percent in January) and production rebounded for capital goods (0.5 percent from -2.5 percent) and durable consumer goods (0.2 percent from -0.9 percent). Meanwhile, output advanced faster for non-durable consumer goods (2.8 percent from 0.6 percent) while it fell for energy (-5.9 percent from 4.9 percent). 

Among Eurozone's largest economies, Germany's industrial output contracted the most in February (-2.0 percent from -2.8 percent), followed by Spain (-0.4 percent from 3.1 percent); while production increases were seen Italy (0.9 percent from -0.8 percent). 

In the EU28, industrial production increased 0.3 percent in February (from -0.2 percent in January), as output rebounded for intermediate goods (0.4 percent from -0.8 percent); capital goods (0.5 percent from -2.2 percent) and durable consumer goods (0.7 percent from -0.5 percent). Meanwhile, production rose faster for non-durable consumer goods (3.1 percent from 1.3 percent) while it fell for energy (-4.4 percent from 3.8 percent). 

On a monthly basis, industrial output edged down 0.2 percent from a month earlier in February of 2019, down from an upwardly revised 1.9 percent rise in January and compared with market expectations of a 0.6 percent fall. Output dropped for energy (-3 percent from 2.7 percent in January); durable consumer goods (-0.4 percent from 1.7 percent); capital goods (-0.4 percent from 1.4 percent) and intermediate goods (-0.1 percent from 0.6 percent). Meanwhile, production slowed for non-durable consumer goods (0.9 percent from 2.1 percent).

The biggest output declines were seen in Spain (-1.1 percent from 3.7 percent) and Germany (-0.4 percent from -0.2 percent) while gains were seen in Italy (0.8 percent from 1.9 percent) and France (0.4 percent from 1.3 percent).

In the EU28, output showed no growth in February (from 1.3 percent in January), as production was unchanged for durable consumer goods (from 1.5 percent in January). Also, output went up softer for intermediate goods (0.2 percent from 0.6 percent) and non-durable consumer goods (0.7 percent from 1.2 percent) while it dropped for energy (-2.2 percent from 1.4 percent) and capital goods (-0.2 percent from 1.2 percent). 


Eurostat | Agna Gabriel | agna.gabriel@tradingeconomics.com
4/16/2019 10:46:37 AM



Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.53 0.69 1.62 -3.29 Index Points [+]
Manufacturing PMI 47.80 47.50 60.60 33.50 [+]
Services PMI 52.50 53.30 58.30 39.20 Index Points [+]
Composite Pmi 51.30 51.60 58.80 45.70 Index Points [+]
Industrial Production -0.30 -0.70 9.70 -21.40 percent [+]
Industrial Production Mom -0.20 1.90 3.20 -3.90 percent [+]
Manufacturing Production -1.90 -4.00 10.00 -21.80 percent [+]
Capacity Utilization 83.60 83.90 85.30 69.60 percent [+]
Changes In Inventories 12.09 25.46 25.46 -27.24 EUR Billion [+]
Zew Economic Sentiment Index 4.50 -2.50 89.90 -63.70 [+]
Car Registrations 926.05 927.13 1169.19 669.00 Thousand [+]
Mining Production -5.60 -6.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -0.70 9.70 -21.40 1991 - 2019 percent Monthly
WDA




Country Last Previous
Argentina -8.50 Feb/19
Australia 2.80 Sep/18
Brazil 2.00 Feb/19
Canada 1.19 Jan/19
China 8.50 Mar/19
Euro Area -0.30 Feb/19
France 0.60 Feb/19
Germany -0.40 Feb/19
India 0.10 Feb/19
Indonesia 5.20 Jan/19
Italy 0.90 Feb/19
Japan -1.10 Feb/19
Mexico -0.80 Feb/19
Netherlands -0.30 Feb/19
Russia 1.20 Mar/19
Saudi Arabia 2.34 Sep/18
Singapore 0.70 Feb/19
South Africa 0.60 Feb/19
South Korea -2.70 Feb/19
Spain -0.30 Feb/19
Switzerland 5.10 Dec/18
Turkey -5.10 Feb/19
United Kingdom 0.10 Feb/19
United States 2.80 Mar/19


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