Industry in Eurozone

Eurozone Industry | Economic News & Forecasts

Eurozone - Industry

Industrial output plunges in September, continuing the weak data streak

Industrial output contracted in September, falling a seasonally-adjusted 0.3% over the previous month. The result contrasted August’s revised 1.1% increase (previously reported: +1.0% month-on-month) and was broadly in line with market expectations. The print marks another weak reading for the Eurozone economy, signaling that momentum has cooled significantly in recent months.

The downturn was broad-based, with production of intermediate goods, energy and consumer goods dropping in September. In contrast, output of energy grew, although at a weaker pace than in the previous month. Looking at the individual economies for which data is available, 16 economies saw industrial production fall in September, indicating broad-based malaise. Notably, all four of the region’s major players, France, Germany, Italy and Spain, were included in this group.

On an annual basis, industrial production growth slid from 1.1% in August to 0.9% in September. Meanwhile, annual average industrial production growth fell to 2.6% from 2.9% in August.

Met the why particular Consensus Forecast panelists see industrial production expanding 1.9% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, panelists see industrial production growth at 1.6s%.

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 Rate1.140.65 %Nov 29
Stock Market1,111-0.52 %Nov 29

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