Industrial Production Turns Negative in Europe Again, Even Before Coronavirus
Skerdian Meta • 1 min read
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.