European Union Industry Confidence - Forecast

Business Confidence in European Union is expected to be 7.95 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 -2.16 in 12 months time. In the long-term, the European Union Industry Confidence is projected to trend around -5.59 in 2020, according to our econometric models.


European Union Industry Confidence
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European Union Business Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production Mom 0.3 0.02 0.06 0.07 0.06 0.06
Manufacturing Production 4.4 3.39 2.59 1.97 1.55 1.04
Industrial Production 3.5 2.51 1.8 1.29 1 0.96
Mining Production -7.8 -3.41 -2.62 -2.44 -2.21 -1.67
Steel Production 13983 13908 13674 13731 13711 13644
Business Confidence 8.8 7.95 5.14 1.46 -2.16 -5.59
Capacity Utilization 83.6 83.73 83.51 83.11 82.62 81
Changes In Inventories 20171 15322 12350 10382 9066 10201