Industry in Eurozone
Eurozone - Industry
Industrial output contracts in July
Industrial output dropped in July, falling a seasonally-adjusted 0.8% over the previous month. The result was in line with June’s revised 0.8% decrease (previously reported: -0.7% month-on-month). July’s fall was worse than the 0.5% decrease expected by market analysts and marked another weak print for the Eurozone economy, which has experienced a raft of soft economic data in recent months. The downturn came on the back of contractions in the production of durable, non-durable and intermediate goods.
On an annual basis, industrial production contracted for the first time in a year and a half, falling 0.1% in July and contrasting June’s 2.3% reading. Meanwhile, annual average industrial production growth fell to 3.1% from 3.4%.
Among the Euro area economies for which data is available, Malta saw the largest drop in industrial output in July, contracting 6.3% over the previous month. Conversely, Ireland and Latvia recorded the largest expansions, growing at 2.8% and 1.8% respectively. Meanwhile, industrial output fell 1.8% in both Germany and Italy, fell 0.3% in Spain, but rose 0.7% in France.
Met the why particular Consensus Forecast panelists see industrial production expanding 2.3% in 2018, which is unchanged from last month’s forecast. For 2019, panelists see industrial production growth at 2.1%.
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||1.18||0.65 %||Sep 24|
|Stock Market||1,189||-0.52 %||Sep 24|
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September 17, 2018
According to complete data released by Eurostat on 17 September, harmonized inflation came in at 2.0% in August.
September 13, 2018
The European Central Bank (ECB) delivered no surprises at its 13 September monetary policy meeting, leaving its main interest rates unchanged and reaffirming its commitment to winding down asset purchases related to its quantitative easing (QE) program by the end of the year.
September 12, 2018
Industrial output dropped in July, falling a seasonally-adjusted 0.8% over the previous month.
September 7, 2018
The third estimate of GDP for the second quarter released by Eurostat confirmed that soft momentum at the start of the year carried over into the second quarter.
August 31, 2018
According to data released by Eurostat, labor market conditions in the common currency bloc were largely unchanged in July.