Euro Area Industrial Production Below Expectations


Industrial production in the Eurozone rose a meager 0.5 percent year-on-year in May of 2016, following an upwardly revised 2.2 percent rise in April. On a monthly basis, industrial output slumped 1.2 percent, reversing from an upwardly revised 1.4 percent rise in the previous month and worse than market expectations of a 0.8 percent fall.

Year-on-year, production of both intermediate goods and non-durable consumer goods rose 0.8 percent and capital goods edged up 0.3 percent while production of energy fell 1.1 percent and durable goods went down 0.9 percent. 

Considering the EU 28, production rose 1.1 percent. Among Member States for which data are available, the highest increases were registered in Slovakia (+6.0 percent), Ireland (+5.8 percent), Latvia (+5.1 percent) and Slovenia (+5.0 percent), and the largest decreases in Malta (-3.7 percent), Bulgaria (-3.3 percent) and Portugal (-2.4 percent).

On a monthly basis, energy output slumped 4.3 percent; production of capital goods went down 2.3 percent; durable goods fell 1.4 percent; intermediate goods declined 0.4 percent and non-durable consumer goods edged down 0.1 percent.

In the EU 28, industrial output shrank 1.1 percent. Among Member States for which data are available, the largest decreases in industrial production were registered in the Netherlands (-7.8 percent), Portugal (-4.4 percent), Greece (-4.3 percent) and Romania (-4.0 percent), while increases were recorded in Lithuania (+3.9 percent), Latvia (+2.4 percent), Slovenia (+0.6 percent) and Malta (+0.3 percent).

Euro Area Industrial Production Below Expectations


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
7/13/2016 10:20:25 AM