Industrial production down by 1.2% in euro area

Industrial production down by 1.2% in euro area

Industrial production down by 1.2% in euro area

The FINANCIAL -- In May 2016 compared with April 2016, seasonally adjusted industrial production fell by 1.2% in the euro area (EA19) and by 1.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In April 2016 industrial production rose by 1.4% in the euro area and by 1.5% in the EU28.

In May 2016 compared with May 2015, industrial production increased by 0.5% in the euro area and by 1.1% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The decrease of 1.2% in industrial production in the euro area in May 2016, compared with April 2016, is due to production of energy falling by 4.3%, capital goods by 2.3%, durable consumer goods by 1.4%, intermediate goods by 0.4% and non-durable consumer goods by 0.1%.

In the EU28, the decrease of 1.1% is due to production of energy falling by 3.3%, capital goods by 2.0%, durable consumer goods by 0.7%, intermediate goods by 0.5% and non-durable consumer goods by 0.3%.

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

Annual comparison by main industrial grouping and by Member State

The increase of 0.5% in industrial production in the euro area in May 2016, compared with May 2015, is due to production of both intermediate goods and non-durable consumer goods rising by 0.8% and capital goods by 0.3%, while production of energy fell by 1.1% and durable consumer goods by 0.9%.

In the EU28, the increase of 1.1% is due to production of non-durable consumer goods rising by 1.5%, capital goods by 1.0% and both intermediate goods and durable consumer goods by 0.8%, while production of energy fell by 2.0%.

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