Industry in Eurozone
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 %) | - | - | - | - | - |
Eurozone Industry Chart
Source: Eurostat and FocusEconomics calculations.
Eurozone Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.13 | 0.65 % | Jul 11 |
| Stock Market | 1,191 | -0.52 % | Jul 11 |
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