Latest reading: Industrial output expanded 8.9% in year-on-year terms in July (June: +7.2% yoy), marking the fastest growth rate since...
Industrial Production in Euro Area
The European economy recorded an average industrial production growth rate of 0.5% in the decade to 2024. In 2024, industrial production growth was -3.0%. For more industry information, visit our dedicated page.
Euro Area Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Euro Area from 2016 to 2024.
Source: Macrobond.
Euro Area Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -7.8 | 9.0 | 1.8 | -1.7 | -3.0 |
Industrial production rebounds in July
Latest reading: Industrial production was up 0.3% in seasonally adjusted month-on-month terms in July, following a 0.6% decline in the prior month. Relative to the previous month's figures, production readings in July improved for intermediate goods (+0.5% vs +0.1% in June), capital goods (+1.3% vs -0.8% in June), non-durable consumer goods (+1.5% vs -4.2% in June) and durable consumer goods (+1.1% vs -0.5% in June). In contrast, the reading for energy worsened in July (-2.9% vs +1.4% in June). Looking at specific countries, output rebounded in Germany and Ireland, and accelerated in Italy, while it shrank in France, Spain and the Netherlands. On a year-on-year basis, industrial production rose 1.8% in July, following a 0.7% decline in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects European industry projections for the next ten years from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for European industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our European industry projections.
Want to get access to the full dataset of European industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Kazakhstan: Industrial output growth records best reading since February in July -
Japan: Industrial output unexpectedly grows in June Latest reading: Industrial output—which makes up about 30% of Japan’s economy—rose 2.1% in month-on-month seasonally adjusted terms in June, after... -
Euro Area: Industrial activity deteriorates in June Latest reading: Industrial output declined 1.3% month-on-month in seasonally adjusted terms in June (May: +1.1% mom). Looking at the details... -
South Africa: Manufacturing production flatlines in June Latest reading: Manufacturing output flatlined month on month in seasonally adjusted terms in June, which followed May’s 2.2% increase. Looking... -
Cyprus: Industrial output drops at sharpest rate since November 2024 in June Latest reading: Industrial output fell 0.9% year on year in calendar-adjusted terms in June, which contrasted May’s 0.4% increase. June’s... -
Greece: Industrial output grows at fastest pace in over one year in June Latest reading: Industrial output increased 3.2% in month-on-month seasonally adjusted terms in June, which contrasted May’s 0.1% decrease. June’s print... -
Ireland: Industrial output plummets in June Latest reading: Industrial production fell 11.3% month on month in seasonally adjusted terms in June (May: +11.9% mom s.a.). June’s...