SLOWING GROWTH IN THE SECOND HALF OF 2018, MILD RECESSION ANTICIPATED FOR 2019
The European industrial economy is expanding at an accelerating pace. Average Europe Industrial Production during the 12 months through February was up 3.5% compared to last year. Expect Industrial Production to rise through 2018 before declining mildly during the majority of 2019.
Accelerating growth in several sectors of the European economy bodes well for EPTDA members in the near term. However, do not lose sight of on the upcoming slowing growth in Europe Industrial Production expected to characterize the second half of 2018 and the mild recession anticipated for 2019.
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