Eurozone Industry August 2018

Eurozone

Eurozone: Industrial output rebounds in August

October 12, 2018

Industrial output returned to growth in August, rising a seasonally-adjusted 1.0% over the previous month. The result contrasted July’s revised 0.7% decrease (previously reported: -0.8% month-on-month). August’s rise overshot market expectations of a 0.5% increase. The upturn was broad-based across all categories of the index.

On an annual basis, industrial production growth picked up from 0.3% in July to 0.9% in August. Meanwhile, annual average industrial production growth fell to 2.9% from 3.1%.

Among the Euro area economies for which data is available, Malta saw the largest rise in industrial output in August, expanding nearly 10.0%. Conversely, Finland saw the slowest growth.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.9% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, panelists see industrial production growth at 1.6s%.


Author: Angela Bouzanis, Lead Economist

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Eurozone Industry Chart


Euro Industry by country August 2018 0

Note: Month-on-month var. of seasonally-adjusted industrial production and annual average growth rate in %. Data for Austria, Belgium and Cyprus refer to July.
Source: Eurostat


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