Euro Area: Industrial production increases in February

Euro Area Industry February 2022

Euro Area: Industrial production increases in February

Industrial output increased 0.7% over the previous month in seasonally-adjusted terms in February, bouncing back from January’s 0.7% decrease. February’s result reflected rises in the production of intermediate goods, as well as of durable and non-durable consumer goods, more than offsetting declining production of energy and capital goods.

Looking at the individual economies for which data is available, industrial output expanded in eight countries, while it contracted in 10 countries. Looking at the most important economies, production increased in Germany, Italy and Spain, while it decreased in France and the Netherlands.

On an annual basis, industrial production increased 2.0% in February, contrasting January’s 1.5% drop. Lastly, annual average growth in industrial production rose to 7.7% from January’s 7.5%.

Commenting on the release, Bert Colijn, senior economist at ING, sees risks to the outlook ahead:

“The outlook for industry remains clouded by uncertainty and [there are] clear risks to output. In March, supply chain problems worsened again as the war in Ukraine disrupted supply chains once more. Furthermore, Chinese lockdowns have started to impact transportation again, which is set to increase prices and cause further delays. Together, this means that the normalisation of supply chains is delayed at best at this point.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest