Industry in Eurozone

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Eurozone - Industry

Industrial output rebounds in May

Industrial output returned to growth in May, rising a seasonally-adjusted 1.3% over the previous month. The result contrasted April’s revised 0.8% fall (previously reported: -0.9% month-on-month). May’s rebound was sharper than the 1.2% increase expected by market analysts and a positive result for the Eurozone, which has seen a series of weak economic data emerge in recent months. The upturn came on the back of turnarounds in the production of intermediate, energy and consumer goods.

On an annual basis, industrial production expanded 2.4% in May, improving from April’s 1.7% increase. Meanwhile, annual average industrial production growth inched down from 3.5% in April to 3.4% in May.

Among the Euro area economies for which data is available, Lithuania saw the quickest growth in May, expanding a notable 11.6% over the previous month. Ireland and Malta also saw solid output, growing at 3.0% or above. Meanwhile, Estonia, France, Luxembourg, Latvia and Portugal were the region’s laggards, all seeing industrial production contract in May.

Met the why particular Consensus Forecast panelists see industrial production expanding 2.5% in 2018, which is unchanged from last month’s forecast. For 2019, panelists see industrial production growth at 2.4%.

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

ValueChangeDate
Exchange Rate1.170.65 %Jul 13
Stock Market1,203-0.52 %Jul 13

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