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
|Industrial Production (annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Industry Chart
Source: Eurostat and FocusEconomics calculations.
|Exchange Rate||1.13||0.65 %||Jul 11|
|Stock Market||1,191||-0.52 %||Jul 11|
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July 22, 2019
After weeks of tough negotiations, on 2 July, EU leaders nominated France’s Christine Lagarde, the managing director of the IMF, to replace outgoing Mario Draghi as president of the European Central Bank (ECB).
July 17, 2019
Complete data confirmed harmonized inflation came in at 1.3% in June, up from May’s 1.2% and coming in a notch above the preliminary estimate.
July 12, 2019
Industrial output rebounded in May, after recording two contractions in a row.
July 1, 2019
Labor market conditions in the common currency bloc improved again in May, according to data released by Eurostat.
June 28, 2019
According to a preliminary estimate released by Eurostat on 28 June, harmonized inflation was stable at May’s 1.2% in June.