Industrial Production Turns Negative in Europe Again, Even Before Coronavirus

The industrial production jumped in January in the Eurozone for the first time, but it turned negative again in February

Written by: Skerdian Meta • Thursday, April 16, 2020 • 1 min read

• Last updated: Thursday, April 16, 2020

The manufacturing activity and the industrial production have been in a difficult position in Europe for more than a year, as the global trade war hurt theaw sectors in particular. The economic data for these two sectors has been mainly negative, which means that they have contracted more than expanded in the last year.

Although, we did see a jump in production in January, as the report released last month showed. But, today’s report which is for February turned negative again, posting a 0.1% decline as expected. Below is the report.

Eurozone February Industrial Production Latest Data by Eurostat – 16 April 2020

February industrial production -0.1% vs. -0.1% m/m expected
February stood at +2.3%
Industrial production WDA YoY -1.9% vs. -1.9% expected
January stood at -1.9%; revised to -1.7%

The data here pertains to the February month, well before any material impact from the virus outbreak in the region and globally, and so it is inconsequential.

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.