Industrial production in the Euro Area dropped 1.0 percent from a month earlier in February 2021, following a 0.8 percent increase in January and compared with market expectations of a 1.1 percent fall. It was the largest decline in industrial activity since April's record contraction, as many countries across Europe remained under strict coronavirus restrictions. Output contracted for all categories: capital goods (-1.9 percent vs 1.2 percent); energy (-1.2 percent vs 0.3 percent); durable consumer goods (-1.1 percent vs 0.9 percent); intermediate goods (-0.7 percent vs 0.0 percent); and non-durable consumer goods (-0.1 percent vs 0.5 percent). On a yearly basis, industrial production was down 1.6 percent in February, compared with forecasts of a 0.9 percent decline. source: EUROSTAT
Industrial Production Mom in the Euro Area averaged 0.08 percent from 1990 until 2021, reaching an all time high of 12.90 percent in May of 2020 and a record low of -18.60 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 April of 2021.
Industrial Production Mom in Euro Area is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in Euro Area to stand at 0.90 in 12 months time. In the long-term, the Euro Area Industrial Production MoM is projected to trend around 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models.