Kazakhstan: Industrial output growth wanes in March
Industrial output increased 3.0% compared to the same month of the previous year in March, which was a deterioration from...
Industrial Production in Euro Area
The Euro Area economy recorded average industrial production growth of 1.1% in the decade to 2022, exceeding the 0.7% average for Major Economies. In 2022, the industrial production growth was 2.2%. For more industry information, visit our dedicated page.
Euro Area Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Euro Area from 2014 to 2023.
Source: EUROSTAT.
Euro Area Industry Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 0.8 | -0.7 | -7.7 | 8.9 | 2.3 |
Industrial production expands at faster pace in December
Industrial output jumped 2.6% in month-on-month seasonally adjusted terms in December, which followed November’s 0.4% increase. December's reading was driven by a rebound in the production of durable consumer goods and stronger growth in capital goods output. On the flipside, intermediate goods output fell at a sharper pace, while production of energy and non-durable consumer goods expanded more timidly. Looking at individual countries for which data is available, industrial output increased in 11 countries and contracted in eight. Focusing on the largest economies, industrial output rose in France, Italy and the Netherlands, while it fell in Germany and Spain. On an annual basis, factory output rose 1.2% in December (November: -5.4% yoy).
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects European industry projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for European industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our European industry projections.
Want to get access to the full dataset of European industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Hungary: Industrial output rebounds in February
According to a second estimate by the Statistical Institute, industrial output expanded 1.0% year on year in February (January: -3.8%... -
Romania: Decline in industrial output softens in February
Industrial output fell 2.2% year on year in February (January: -3.9% yoy). Looking at the details of the release, manufacturing... -
Euro Area: Industrial production rebounds in February
Industrial output rose 0.8% in month-on-month seasonally adjusted terms in February, which contrasted January’s 3.0% decrease. February’s reading was driven... -
Uruguay: Manufacturing production growth falls to 10-month low in February
Manufacturing output increased 0.9% in year-on-year terms in February, which followed January’s 1.1% increase. Industrial output excluding refinery output 0.0%... -
India: Industrial output growth gains momentum in February
Industrial output increased 5.7% compared to the same month a year earlier in February, which was above January’s 4.1% increase... -
Spain: Industrial output records quickest growth since March 2023 in February
Industrial output rose 1.5% year on year in seasonally and calendar-adjusted terms in February (January: +0.3% ). The figure marked...