• Eurozone Industrial production fell less than expected in February

Market news

16 April 2020

Eurozone Industrial production fell less than expected in February

According to the report from Eurostat, in February 2020 - the month before COVID-19 containment measures began to be widely introduced by Member States - compared with January 2020, seasonally adjusted industrial production fell by 0.1% in the euro area and remained unchanged in the EU. Economists had expected a 0.2% decrease in the euro area. In January 2020, industrial production grew by 2.3% in the euro area and by 2.1% in the EU.

In February 2020 compared with February 2019, industrial production decreased by 1.9% in the euro area and by 1.3% in the EU. Economists had expected a 2.0% decrease in the euro area.

In the euro area in February 2020, compared with January 2020, production of durable consumer goods fell by 2.0% and capital goods by 1.5%, while production of both intermediate goods and non-durable consumer goods rose by 0.4% and energy by 0.7%. In the EU, production of durable consumer goods fell by 1.4% and capital goods by 1.2%, while production of both intermediate goods and non-durable consumer goods rose by 0.6% and energy by 1.0%.

In the euro area in February 2020, compared with February 2019, production of capital goods fell by 3.6%, energy by 2.2% and intermediate goods by 0.8%, while production of non-durable consumer goods rose by 0.1% and durable consumer goods by 0.9%. In the EU, production of capital goods fell by 3.1%, energy by 1.7% and intermediate goods by 0.2%, while production of non-durable consumer goods rose by 0.5% and durable consumer goods by 1.5%.

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