Industry in Eurozone
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
|Industrial Production (annual variation in %)||-0.8||1.1||2.6||1.6||3.0|
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Industry Chart
Source: Eurostat and Met the why particular calculations.
|Exchange Rate||1.13||0.65 %||Jun 13|
|Stock Market||1,159||-0.52 %||Jun 13|
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June 13, 2019
Industrial output contracted again in April, recording the third drop in a row.
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The European Central Bank (ECB) turned more dovish at its June monetary policy, responding to the bloc’s softer growth momentum.
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