Latest reading: Industrial production expanded 12.7% on a year-on-year basis in June, following a 8.8% rise in the previous month....
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 2014 to 2025.
Source: Macrobond.
Euro Area Industry Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 9.0 | 1.8 | -1.7 | -3.0 | 1.6 |
Industrial production shrinks in May
Latest reading: Industrial production fell 0.2% on a seasonally adjusted month-on-month basis in May, following a 0.3% increase in the prior month. Relative to the previous month's data, readings in May softened for intermediate goods (-0.3% in seasonally adjusted month-on-month terms vs +0.8% in April), non-durable consumer goods (+0.8% vs +1.6% in April) and durable consumer goods (-1.1% vs +1.5% in April). In contrast, readings improved for capital goods (+0.3% vs -0.3% in April) and energy (+2.2% vs -0.2% in April). In annual terms, industrial production was down 1.2% in May, following a 0.4% increase in the previous 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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