Euro Area Industry

Euro Area Industry

Euro Area Industry

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 -0.9 -7.8 8.8 2.2

Industrial output dips in April

Industrial output slid 0.1% month on month in seasonally adjusted terms in April (March: +0.5% mom). The result reflected a steeper decline in intermediate goods production and smaller rise in capital goods output. That said, both durable and non-durable consumer goods, as well as energy production, rebounded in April. On an annual basis, industrial output fell 3.0% in April, which was below March’s 1.2% fall. Accordingly, the trend pointed down, with the annual average variation of industrial production coming in at minus 3.8%, down from March's minus 3.6% reading.

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 10 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.

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