Industry in Eurozone

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Eurozone - Industry

Industrial output rebounds in May

Industrial output rebounded in May, after recording two contractions in a row. Industrial production increased a seasonally-adjusted 0.5% over the previous month, contrasting April’s revised 0.4% contraction (previously reported: -0.5% month-on-month). The result overshot market expectations of a 0.2% rise.

The upturn was driven by chiefly rebounds in the output of capital and consumer goods. Looking at the individual economies for which data is available, 9 economies saw industrial production rebound in May, including Germany and France.

On an annual basis, industrial production fell 0.5%, a larger drop then April’s 0.4% decrease. Annual average variation in industrial production slumped to minus 0.3% in May from April’s minus 0.1%, marking the worst result in over five years.

FocusEconomics Consensus Forecast panelists see industrial production expanding 0.3% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see industrial production growth at 1.3%.

Eurozone - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-     -     -     -     -     

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Eurozone Industry Chart


Euro Industry
Note: Annual variation of industrial production in %.
Source: Eurostat and FocusEconomics calculations.

Eurozone Facts

ValueChangeDate
Exchange Rate1.130.65 %Jul 11
Stock Market1,191-0.52 %Jul 11

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