European Industrial Production Down 1.2% in May - Modern Distribution Management

European Industrial Production Down 1.2% in May

Industrial production down 1.1 percent in the EU28.

European seasonally adjusted industrial production fell by 1.2 percent in May in the euro area (EA19) and by 1.1 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In April 2016, industrial production grew by 1.4 percent in the euro area and by 1.5 percent in the EU28.

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

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

In the EU28, the decrease of 1.1 percent is due to production of energy falling by 3.3 percent, capital goods by 2 percent, durable consumer goods by 0.7 percent, intermediate goods by 0.5 percent and non-durable consumer goods by 0.3 percent.

Among member states for which data are available, the largest decreases in industrial production were registered in the Netherlands (-7.8 percent), Portugal (-4.4 percent), Greece (-4.3 percent) and Romania (-4 percent), while increases were recorded in Lithuania (+3.9 percent), Latvia (+2.4 percent), Slovenia (+0.6 percent) and Malta (+0.3 percent).

The increase of 0.5 percent 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 percent and capital goods by 0.3 percent, while production of energy fell by 1.1 percent and durable consumer goods by 0.9 percent.

In the EU28, the increase of 1.1 percent is due to production of non-durable consumer goods rising by 1.5 percent, capital goods by 1 percent and both intermediate goods and durable consumer goods by 0.8 percent, while production of energy fell by 2 percent.

Among member states for which data are available, the highest increases in industrial production were registered in Slovakia (+6 percent), Ireland (+5.8 percent), Latvia (+5.1 percent) and Slovenia (+5 percent), and the largest decreases in Malta (-3.7 percent), Bulgaria (-3.3 percent) and Portugal (-2.4 percent).

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