Eurozone Industry September 2017

Eurozone

Eurozone: Industrial production contracts in September

November 14, 2017

Activity in the industrial sector plunged in September, recording the largest contraction since December 2016. Industrial production decreased a seasonally-adjusted 0.6% from the previous month, contrasting August’s 1.4% increase. The result undershot market analysts’ expectations of a 0.4% fall.

September’s result largely reflected contracting output of capital, energy and durable consumer goods. On an annual basis, industrial production expanded 3.3% (August: +3.9% year-on-year).

Among the Euro area economies, the largest drops were registered in Greece (-3.6% mom) and Portugal (-6.7% month-on-month). On the flipside, the fastest growth rates were recorded in Estonia (+2.3% mom) and the Netherlands (+2.3% mom).

FocusEconomics Consensus Forecast panelists see industrial production expanding 2.3% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2018, panelists see industrial production growth at 1.7%.


Author: Angela Bouzanis, Senior Economist

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Eurozone Industry Chart


Euro Industry September 2017

Note: Month-on-month var. of seasonally-adjusted industrial production and annual average growth rate in %.
Source: Eurostat


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