Industrial production in the Euro Area decreased 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). Industrial Production Mom in the Euro Area averaged 0.09 percent from 1990 until 2019, reaching an all time high of 3.20 percent in January of 2016 and a record low of -3.90 percent in November of 2008.
Industrial Production Mom in Euro Area is expected to be -0.40 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 0.40 in 12 months time. In the long-term, the Euro Area Industrial Production MoM is projected to trend around 0.40 percent in 2020, according to our econometric models.