Eurozone Industry January 2019

Eurozone

Eurozone: Industrial output rebounds in January

March 13, 2019

Industrial output returned to growth in January, after contracting in the previous two months. Industrial production increased a seasonally-adjusted 1.4% over the previous month, contrasting the 0.9% fall recorded in December. The result beat market expectations of a softer 1.0% expansion.

According to Eurostat, the rebound was driven by turnarounds in the production of energy, capital and consumer goods. Looking at the individual economies for which data is available, 11 economies saw industrial production gain steam in January, including turnarounds in major players France and Germany.

On an annual basis, industrial production contracted 1.1%, a more moderate fall compared to December’s 4.2% contraction--the worst reading since November 2012. Annual average growth in industrial production slumped to 0.6% in January, from December’s 1.0%.

Eurozone Industrial Production Forecast


FocusEconomics Consensus Forecast panelists see industrial production expanding 0.4% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see industrial production growth at 1.1%.


Author: Angela Bouzanis, Senior Economist

Sample Report

Looking for forecasts related to Industry in Eurozone? Download a sample report now.

Download

Eurozone Industry Chart


Euro Industry by country January 2019

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


Eurozone Economic News

More news

Search form