European Union Industry Confidence - Forecast

Business Confidence in European Union is expected to be 7.38 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in European Union to stand at 8.13 in 12 months time. In the long-term, the European Union Industry Confidence is projected to trend around 8.11 Index Points in 2020, according to our econometric models.


European Union Industry Confidence
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European Union Business Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production Mom 1.2 0 0.05 0.06 0.06 0.06
Manufacturing Production 2.7 2.1 2.07 2.05 2.04 2.03
Industrial Production 2.4 1.84 1.72 1.68 1.66 1.64
Mining Production -1.8 -2.23 -2.08 -2.09 -2.1 -2.1
Steel Production 14979 15005 14352 14956 14334 14337
Business Confidence 6.5 7.38 7.89 8.09 8.13 8.11
Capacity Utilization 84.1 83.87 83.38 82.79 82.18 80.81
Changes In Inventories 10461 8783 8734 8925 9285 9827