European Union Industry Confidence  Forecast


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Business Confidence in European Union is expected to be 7.98 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 -0.32 in 12 months time. In the long-term, the European Union Industry Confidence is projected to trend around -5.37 in 2020, according to our econometric models.


European Union Business Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Industrial Production Mom -0.5 -0.1 0.04 0.07 0.07 0.06
Manufacturing Production 4.6 3.29 2.66 2.07 1.62 1.01
Industrial Production 3.6 3.22 2.53 1.86 1.36 0.96
Mining Production -5.2 -2.65 -2.18 -2.07 -1.95 -1.64
Steel Production 13785 13534 13819 13634 13701 13641
Business Confidence 7.8 7.98 6.38 3.26 -0.32 -5.37
Capacity Utilization 83.6 82.99 83.73 83.51 83.11 80.68
Changes In Inventories 15692 11202 9485 8736 8499 10295