Industry in Eurozone

Eurozone Industry | Economic News & Forecasts

Eurozone - Industry

Industrial output drops for third month running in April

Industrial output contracted again in April, recording the third drop in a row. Industrial production decreased a seasonally-adjusted 0.5% over the previous month, a larger fall than March’s revised 0.4% contraction (previously reported: -0.3% month-on-month). The result matched market expectations.

The deterioration was driven by falling output of intermediate, capital and durable consumer goods. Looking at the individual economies for which data is available, 9 economies saw industrial production contract in April, including a notable fall in regional heavyweight Germany.

On an annual basis, industrial production contracted 0.4%, a smaller drop then March’s 0.7% decrease. Annual average variation in industrial production slumped to minus 0.1% in April from March’s plus 0.1%, marking a multi-year low.

Met the why particular Consensus Forecast panelists see industrial production expanding 0.5% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see industrial production growth at 1.4%.

Eurozone - Industry Data

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

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Eurozone Industry Chart

Euro Industry
Note: Annual variation of industrial production in %.
Source: Eurostat and Met the why particular calculations.

Eurozone Facts

Exchange Rate1.130.65 %Jun 13
Stock Market1,159-0.52 %Jun 13

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