Euro area industrial output up 0.9 percent in May from April

Friday, 12 July 2019 16:05:16 (GMT+3)   |   Istanbul
       

In May this year, seasonally-adjusted industrial production increased by 0.9 percent in the euro area, while rising by 0.8 percent in the EU-28, as compared with April. Industrial production in April had declined by 0.4 percent in the euro area and by 0.6 percent in the EU-28, on month-on-month basis. In May this year compared with May 2018, industrial production fell by 0.5 percent in the euro area and increased by 0.4 percent in the EU-28. These figures are released by Eurostat, the Statistical Office of the European Union.

As compared to April, in May this year the production of capital goods increased by 1.3 percent in the euro area and 1.9 percent in the EU-28, while the production of non-durable consumer goods increased by 2.7 percent in the euro area, while increasing by 1.5 percent in the EU-28. In May this year, the production of energy was up by 0.7 percent in the euro area and by 1.3 percent in the EU-28, and the production of durable goods declined by 2.3 percent in the euro area and by 0.2 percent in the EU-28, all month on month. Meanwhile, the production of intermediate goods fell by 0.2 percent in the euro area and by 0.1 percent in the EU-28, month on month.

Among the member states, in May the highest month-on-month increases were registered in Denmark (4.4%), Ireland (2.3%) and France (2.1%), and the highest decreases in Finland (2.9%), Romania (1.9%) and Croatia (1.7%).

As compared to the same month of 2018, in May 2019 production of energy increased by 0.8 percent in the euro area and by 1.7 percent in the EU-28. In the same month, production of intermediate goods fell by 2.6 percent in the euro area and by 1.4 percent in the EU-28, and production of capital goods moved down by 0.7 percent in the euro area and by 0.1 percent in the EU-28, all year on year. In May this year, production of non-durable consumer goods rose by 3.1 percent in the euro area and by 2.8 percent in the EU-28 and production of durable consumer goods was up by 0.4 percent in the euro area and up by 1.2 percent in the EU-28, all year-on-year basis.

Among the member states for which data are available, in May the largest year-on-year decreases in industrial production were registered in Malta (5.1%), Germany (2.3%) and Romania (2.3%), while the highest increases were observed in Denmark (12.5%), Ireland (8.2%) and Hungary (6.1%).


Most Recent Related Articles

US beam imports down 48.9 percent in November

S. Africa's iron ore output down by 7.6 percent in Nov from Oct

Turkish mills manage to keep HRC prices stable for now

Turkish welded pipe prices stable, mood cautious

Export price increases for Brazilian rebar