Report published August 13, 2026
Goldman Sachs Euro Area Data Update: Industrial Production & GDP Tracking
Source and citation context
- Issuer
- Goldman Sachs
- Report date
- August 13, 2026
- Analysis as of
- Not stated in source
Authors / editors: Giovanni Pierdomenico (Author)
Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Euro area industrial production was flat in June (-0.2% MoM ex. Ireland), while May growth was revised up to +0.3% MoM. Solid Q2 IP growth (+0.9% QoQ) supports tracking estimates indicating broader economic resilience across the region.
Key Takeaways
- 1.Euro area industrial production (ex. construction) was flat MoM in June (-0.2% MoM ex. Ireland), but May output was revised up to +0.3% MoM.
- 2.A narrowing German services trade deficit in June pushed Goldman Sachs' past-quarter GDP tracking estimate close to the official flash print of +0.23% QoQ.
- 3.Q2 area-wide IP grew by +0.9% QoQ (+0.6% ex-Ireland), confirming that Euro area industrial and economic activity has remained resilient post-energy shock.
Table of Contents
- MAIN POINTS
Report data
Exhibit 1: A Firm GDP Print in Q2; Preliminary Q3 Tracking at +0.2%qoq
| Metric | Estimate | Context |
|---|---|---|
| Euro Area IP ex. construction | 0.0% | MoM change in area-wide industrial production |
| Euro Area IP ex. Ireland | -0.2% | MoM change in Euro area IP excluding Ireland |
| Euro Area Q2 Industrial Production Growth | 0.9% | QoQ growth rate in Q2 vs -0.8% in Q1 |
| Germany Flash GDP Growth | 0.23% | Official flash print for German Q2 GDP |
Reports in this series
Euro Area Data Update is shown in chronological order through this edition, published on August 13, 2026.
Part of the Euro Area Data Update series — view all 17 editions
- May 18Euro Area Data Update Softer Trade Data in March
- May 24Euro Area Data Update Soft PMIs, Slightly Better Consumer Confidence
- May 28Euro Area Data Update A Rebound in Construction Activity in Germany
- Jun 22Euro Area Data Update: Consumer Confidence Ticks Up in June Flash Data
- Jul 1Euro Area Data Update: Manufacturing PMIs Revised Up Slightly for June
- Jul 2Euro Area Data Update: Area-Wide Unemployment Rate at 6.2%
- Jul 3Euro Area Data Update Area-Wide PMIs Revised Up, GDP Tracking Ticks Up
- Jul 22Euro Area Data Update Softer German Manufacturing Sales in June
- Jul 23Euro Area Data Update A Further Improvement in Early Survey Data for July
- Jul 24Euro Area Data Update Further Improvement in Area-Wide Surveys
- Jul 28Euro Area Data Update A Further Easing in Price-Related Surveys
- Aug 3Euro Area Data Update Soft Preliminary Retail Sales in Germany in June
- Aug 5Euro Area Data Update Firm PMIs in the Periphery, Net Soft IP Data in France
- Aug 7Euro Area Data Update Modest IP Growth and Soft Trade Data in Germany
- Aug 10Euro Area Data Update A Further Uptick in the Sentix Survey
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Authors / Editors
Reported Data Context
- Euro Area IP ex. construction: 0.0 % (2026-06) · Source: Eurostat / Haver Analytics
- Euro Area IP ex. Ireland: -0.2 % (2026-06) · Source: Eurostat / Haver Analytics
- Euro Area Q2 Industrial Production Growth: 0.9 % (2026-Q2) · Source: Eurostat / Haver Analytics
- Germany Flash GDP Growth: 0.23 % (2026-Q2) · Source: Destatis / Haver Analytics
Themes
Regions
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