Eurozone's industrial production increased by 9.1 percent from a month earlier in June 2020, missing market expectations for a second consecutive month and easing from a revised 12.3 percent jump in May. Forecasts were pointing to a 10.0 percent rise. Activity continued to rebound from record slumps seen in March and April as COVID-19 restrictions were eased in the region. Output increased for all segments: durable consumer goods (20.2 percent vs 53.7 percent in May); capital goods (14.2 percent vs 26.0 percent); intermediate goods (6.7 percent vs 9.7 percent); non-durable consumer goods (4.8 percent vs 3.3 percent); and energy (2.6 percent vs 3.0 percent).
Industrial Production Mom in the Euro Area averaged 0.05 percent from 1990 until 2020, reaching an all time high of 12.30 percent in May of 2020 and a record low of -18 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 August of 2020. source: Eurostat
Industrial Production Mom in Euro Area is expected to be -1.60 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 0.70 percent in 2021 and 0.50 percent in 2022, according to our econometric models.