Industrial production in the Euro Area fell 1% mom in May of 2021, the first drop in 3 months and much worse than market forecasts of a 0.2% decline. Decreases were seen in production of non-durable consumer goods (-2.3%), energy (-1.9%), capital goods (-1.6%) and intermediate goods (-0.2%). In contrast, output rose 1.6% for durable consumer goods. Among the bloc's largest economies, industrial production declined in Germany (-0.6%), France (-0.3%), Italy (-1.5%) and Spain (-0.8%). source: EUROSTAT
Industrial Production Mom in the Euro Area averaged 0.08 percent from 1990 until 2021, reaching an all time high of 14.10 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 August of 2021.
Industrial Production Mom in Euro Area is expected to be -1.20 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 0.70 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.