Industry in Eurozone
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
|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||1.17||0.65 %||Jul 13|
|Stock Market||1,203||-0.52 %||Jul 13|
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July 12, 2018
Industrial output returned to growth in May, rising a seasonally-adjusted 1.3% over the previous month.
July 2, 2018
According to data released by Eurostat, labor market conditions in the common currency bloc were largely steady in May.
June 28, 2018
Economic sentiment in the Eurozone eased slightly in June, continuing a downward trend seen over the past six months.
June 22, 2018
Leading data suggests that the Euro area’s economic momentum gained steam in June.
June 14, 2018
The European Central Bank (ECB) announced an upcoming end to its massive quantitative easing (QE) program at its 14 June meeting, signaling the beginning of the end for monetary stimulus in the Eurozone.