Market Forecast

Annual Europe Industrial Production in accelerating growth

04/06/2014

EPTDA has released the second quarter market forecast of 2014 done together with our partners at ITR Economics.

Annual Europe Industrial Production transitioned into Phase B, Accelerating Growth, in the first quarter of 2014. Despite this shift into year-over-year expansion, expect growth to remain modest and annual Production to grow only moderately through 2015. Trends in Eastern and Western Europe have deviated. Annual Eastern Europe Industrial Production is accelerating, gaining 2.3% from last year. Annual Production will expand 4.8% in 2014 compared to 2013. Growth will persist through 2015, but the pace of growth will be subdued. Western Europe Industrial Production,on the other hand, is contracting on a year-over-year basis and will not experience any sizable annual growth through at least 2015. Industrial Producer Prices in the euro-area dropped by 0.2% in March (monthly basis) due to declines of 0.8% in energy prices and 0.2% in intermediate goods prices.

Production Rates – sector by sector

Annual Europe Food & Beverage Machinery Production is at its highest level in nearly five years, and growth is accelerating.

Europe Automotive Production is at a five-year high, nearing its pre-recessionary peak. Growth in this marketis accelerating.

Annual Europe Industrial Machinery Production increased in each month of the first quarter. Quarterly Production is up 1.8%, indicating that additional rise in annual Production is also likely.

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