Eurozone Industrial Production Misses Forecast as Energy Output Falls – ActionForex
Eurozone industrial production rose 0.2% mom in March, slightly below expectations of 0.3% mom. Across the broader European Union, industrial production increased a stronger 0.8% mom, helped by robust gains in several Eastern European economies.
The Eurozone sector breakdown showed a mixed picture beneath the headline improvement. Output of capital goods rose 1.1% mom while intermediate goods production increased 0.9% mom, suggesting some resilience in investment-related manufacturing activity. Durable consumer goods also edged up 0.5% mom. However, energy production fell -1.5% mom, while non-durable consumer goods output plunged -4.5% mom.
Among member states, Denmark recorded the strongest monthly gain with industrial output surging 8.4%, followed by Bulgaria at 5.8% and Poland at 5.4%. By contrast, Belgium, Estonia, and Sweden all recorded notable declines.
| Indicator | Latest (mom) |
|---|---|
| Eurozone Industrial Production | 0.2% |
| EU Industrial Production | 0.8% |
| Intermediate Goods Output | 0.9% |
| Capital Goods Output | 1.1% |
| Durable Consumer Goods Output | 0.5% |
| Energy Production | -1.5% |
| Non-Durable Consumer Goods Output | -4.5% |
| EU Countries | |
| Denmark Industrial Output | 8.4% |
| Bulgaria Industrial Output | 5.8% |
| Poland Industrial Output | 5.4% |
| Belgium Industrial Output | -3.0% |
| Estonia Industrial Output | -2.6% |
| Sweden Industrial Output | -1.9% |
