Industry Outlook

For EPTDA, Oxford Economics report covers detailed analysis of Manufacturing Output, Construction Output, Service Sector Output, Value of Industrial Production per country, overall Industrial Production as a share of GDP, and top 10 fastest-growing and slowest-growing sectors per country.

The Q4-2020 analysis shows that all key indicators are expected to contract in 2020 for all countries covered in the data: Finland, France, Germany, Italy, the Netherlands, Poland, Russia, Spain, Turkey and the UK. Industrial production (manufacturing, extraction and utilities) is forecast to lag economic growth at the end of 2020 – with Italy, Germany and France losing with double digit numbers.

All 10 countries covered in the data are forecasted to have growth in the industrial production and manufacturing output in 2021.

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Market Forecast

Europe Industrial Production Forecast results were 1.1% above the forecast range in June. Despite renewed health and safety lockdowns in several European countries, our projections suggested Production would be above forecast range in the coming quarters. We revised the forecast upward by 7.0% and 9.1% for 2020 and 2021, respectively. Annual Production will decline into 2021 and then rise through at least the end of that year. Longer term, we expect aging demographics to hinder Western Europe’s recovery. This will keep Production relatively low through at least 2021.

Europe Automotive Production during the three months through August was down 24.4% compared to the same three months of 2019. Our projections suggest Production may trend along the upper end of the forecast range in the near term. Renewed shutdowns may hinder this upside potential in the coming quarters.

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PLI Reports

Created under the strategic initiative of EPTDA’s Know Your Market Committee leaders, the Product Line Intelligence (PLI) reports provide valuable insights and data with regards to production processes.

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PTMI Reports

The Power Transmission Monthly Index (PTMI) is a special report created for EPTDA members, offering quality real-time industrial data available on European short-cycle industrial demand.

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Read the full EPTDA Market Insights Volume 1-2021 and discover the latest reports.