Euro Area Industrial Production Rises in May


Industrial production in the Eurozone increased 1.6 percent year-on-year in May, compared to an upwardly revised 0.9 percent growth in April, but below market expectations. On a monthly basis, industrial output surprisingly fell 0.4 percent, from a 0.1 percent rise in the previous month.

Compared with May 2014, industrial production went up 1.6 percent due to production of durable consumer goods rising by 4.8 percent, capital goods by 4.1 percent and intermediate goods by 2.2 percent; while non-durable consumer goods fell by 0.5 percent and energy by 4.2 percent. In the EU28, industrial production rose 2.0 percent is due to higher production of capital goods by 4.2 percent, durable consumer goods by 4.1 percent and intermediate goods by 2.2 percent; while non-durable consumer goods fell by 0.4 percent and energy by 0.9 percent. 

The highest increases in industrial production were registered in Malta (+9.5 percent), Latvia (+6.5 percent) and Hungary (+6.2 percent), and the largest decreases in the Netherlands (-7.4 percent), Finland (-5.1 percent) and Ireland (-5.0 percent). 

On a monthly basis, industrial production decreased 0.4 percent, mainly due to production of energy falling by 3.2 percent and non-durable consumer goods by 1.4 percent, while intermediate goods increased by 0.1 percent, durable consumer goods by 0.4 percent and capital goods by 1.0 percent. In the EU28, the decrease of 0.3 percent is due to production of energy decreasing by 1.2 percent, non durable consumer goods by 0.6 percent and intermediate goods by 0.2 percent; while durable consumer goods were stable. Capital goods rose by 0.6 percent. 

The largest decreases in industrial production were registered in Ireland (-6.9 percent), the Netherlands (-5.7 percent) and Greece (-5.1 percent), and the highest increases in Croatia (+2.6 percent), Lithuania (+1.7 percent) and Portugal (+1.0 percent). 

Euro Area Industrial Production Rises in May


Eurostat | joana.ferreira@tradingeconomics.com
7/14/2015 10:15:32 AM