Industry in Eurozone

Eurozone Industry | Economic News & Forecasts

Eurozone - Industry

Industrial output rebounds in May

Industrial output returned to growth in May, rising a seasonally-adjusted 1.3% over the previous month. The result contrasted April’s revised 0.8% fall (previously reported: -0.9% month-on-month). May’s rebound was sharper than the 1.2% increase expected by market analysts and a positive result for the Eurozone, which has seen a series of weak economic data emerge in recent months. The upturn came on the back of turnarounds in the production of intermediate, energy and consumer goods.

On an annual basis, industrial production expanded 2.4% in May, improving from April’s 1.7% increase. Meanwhile, annual average industrial production growth inched down from 3.5% in April to 3.4% in May.

Among the Euro area economies for which data is available, Lithuania saw the quickest growth in May, expanding a notable 11.6% over the previous month. Ireland and Malta also saw solid output, growing at 3.0% or above. Meanwhile, Estonia, France, Luxembourg, Latvia and Portugal were the region’s laggards, all seeing industrial production contract in May.

FocusEconomics Consensus Forecast panelists see industrial production expanding 2.5% in 2018, which is unchanged from last month’s forecast. For 2019, panelists see industrial production growth at 2.4%.

Eurozone - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-0.8  1.1  2.6  1.6  3.0  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Eurozone Industry Chart

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

Eurozone Facts

Exchange Rate1.130.65 %Aug 15
Stock Market1,170-0.52 %Aug 15

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.


Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form