Euro Area Industrial Production Slows in May


Euro Area industrial output rose 0.5 percent year-on-year in May, slowing from a 1.4 percent increase in April, due to a fall in consumer goods and energy production. On a monthly basis, industrial output fell 1.1 percent.

Year-on-year, production of capital goods rose by 1.5 percent, non-durable consumer goods by 1.4 percent and intermediate goods by 0.4 percent, while durable consumer goods fell by 0.3 percent and energy by 3.1 percent. 

In the EU 28, the increase of 1.1 percent is due to production of capital goods rising by 2.2 percent, both intermediate goods and non-durable consumer goods by 1.4 percent, and durable consumer goods by 0.7 percent, while energy fell by 2.9 percent. 

The highest increases in industrial production were registered in Romania (+15.0 percent), Lithuania (+10.2 percent) and Hungary (+9.5 percent), and the largest decreases in Malta (-11.9 percent), France (-4.2 percent) and Finland (-2.9 percent).

The decrease of 1.1 percent in industrial production in the euro area in May 2014, compared with April 2014, is due to production of intermediate goods falling by 2.4 percent, non-durable consumer goods by 2.2 percent, durable consumer goods by 1.8 percent and capital goods by 0.5 percent, while energy increased by 3.0 percent. 

In the EU 28, the decrease of 1.1 percent is due to intermediate goods falling by 2.1 percent, non-durable consumer goods by 1.8 percent, durable consumer goods by 1.6 percent and capital goods by 1.0 percent, while energy increased by 2.2 percent. 

The largest decreases in industrial production were registered in Portugal (-3.6 percent), Sweden (-3.2 percent) and Denmark (-2.1 percent), and the highest increases in Romania (+2.6 percent), Lithuania (+1.6 percent) and the Netherlands (+1.1 percent).  

Euro Area Industrial Production Slows in May


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
7/14/2014 10:12:58 AM