Industry in Eurozone
Eurozone - Industry
Industrial output drops in February
Industrial output contracted again in February, recording the third drop in four months amid soft incoming data for the Eurozone economy. Industrial production decreased a seasonally-adjusted 0.2% over the previous month, contrasting the revised 1.9% increase recorded in January (previously reported: +1.4% month-on-month). The result beat market expectations of a starker 0.6% contraction.
The deterioration was driven by falling energy production, partly due to a warm winter. In addition, production of intermediate, capital goods and durable consumer goods also fell. Looking at the individual economies for which data is available, 10 economies saw industrial production contract in February, including Germany and Spain.
On an annual basis, industrial production contracted 0.3%, a more moderate fall compared to January’s revised 0.7% contraction (previously reported: -1.1% year-on-year). Annual average growth in industrial production slumped to 0.4% in February, from January’s 0.6%.
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%.
Eurozone - Industry Data
|Industrial Production (annual variation in %)||-0.8||1.1||2.6||1.6||3.0|
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Industry Chart
Source: Eurostat and FocusEconomics calculations.
|Exchange Rate||1.14||0.65 %||Jan 30|
|Stock Market||1,096||-0.52 %||Jan 30|
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April 18, 2019
Leading indicators point to another lackluster month for the Euro area’s economy.
April 17, 2019
Complete data confirmed harmonized inflation came in at 1.4% in March, slightly below February’s 1.5%.
April 12, 2019
Industrial output contracted again in February, recording the third drop in four months amid soft incoming data for the Eurozone economy.
April 10, 2019
The European Central Bank (ECB) made no changes to its monetary policy in April, leaving interest rates at record-low levels against the backdrop of a sharp cool-off in growth.
April 1, 2019
According to data released by Eurostat, labor market conditions in the common currency bloc were broadly unchanged in February.