Euro area industrial output up 1.3 percent in May from April

Thursday, 12 July 2018 17:56:46 (GMT+3)   |   Istanbul
       

In May this year, seasonally-adjusted industrial production increased by 1.3 percent in the euro area and by 1.2 percent in the EU-28, as compared with April. Industrial production in April had decreased by 0.8 percent both in the euro area and in the EU-28, on month-on-month basis. In May this year compared with May 2017, industrial production increased by 2.4 percent both in the euro area and 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 0.7 percent in the euro area and by 0.6 percent in the EU-28, while the production of non-durable consumer goods increased by 2.1 percent in the euro area and by 1.7 percent in the EU-28. In May this year, the production of energy was up by 0.5 percent in the euro area and declined by 0.1 percent in the EU-28, and the production of durable goods rose by 2.1 percent in the euro area and by two percent in the EU-28, all month on month. Meanwhile, the production of intermediate goods moved up by 1.6 percent both in the euro area and in the EU-28, month on month.

Among the member states, in May the highest month-on-month increases were registered in Lithuania (11.6%), Sweden (3.4%) and Ireland (3.2%), and the highest decreases in Denmark (2.8%) and Portugal (2%).

As compared to the same month of 2017, in May 2018 production of energy decreased by one percent in the euro area and declined by 0.8 percent in the EU-28. In the same month, production of intermediate goods rose by 2.3 percent in the euro area and by 2.2 percent in the EU-28, and production of capital goods increased by 3.9 percent in the euro area and by 3.7 percent in the EU-28, all year on year. In May this year, production of non-durable consumer goods moved up by 2.4 percent in the euro area and by two percent in the EU-28 and production of durable consumer goods decreased by 0.2 percent in the euro area and rose by 1.4 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 increases were registered in Poland (7.8%), Ireland (7.3%) and Slovenia (5.9%), while decreases were observed in Malta (6.3%), Denmark (3.3%) and Portugal (2.6%).


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