Industry in Eurozone

Eurozone Industry | Economic News & Forecasts

Eurozone - Industry

Industrial output records sharpest drop in over 3 years

Industrial output plunged in June, recording the sharpest fall since February 2016. Industrial production decreased a seasonally-adjusted 1.6% over the previous month, contrasting May’s revised 0.8% expansion (previously reported: +0.9% month-on-month). The result slightly undershot market expectations of a 1.5% fall.

The downturn was broad-based with all subcomponents deteriorating from the previous month. Looking at the individual economies for which data is available, 10 economies saw industrial production drop in June, including Germany and France.

On an annual basis, industrial production fell 2.6%, a larger drop then May’s 0.8% decrease and marking a six-month low. Annual average variation in industrial production slumped to minus 0.8% in June from May’s minus 0.4%.

FocusEconomics Consensus Forecast panelists see industrial production expanding 0.1% 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 %)-0.8  1.0  2.6  1.6  2.9  

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Eurozone Industry Chart

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

Eurozone Facts

Exchange Rate1.100.65 %Sep 04
Stock Market1,175-0.52 %Sep 04

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