• Industrial production in the eurozone fell more than expected in May

Market news

14 July 2021

Industrial production in the eurozone fell more than expected in May

According to the report from Eurostat, in May 2021, the seasonally adjusted industrial production fell by 1.0% in the euro area and by 0.9% in the EU, compared with April 2021. Economists had expected a 0.2% decrease in the euro area. In April 2021, industrial production rose by 0.6% in the euro area and by 0.5% in the EU.

In May 2021 compared with May 2020, industrial production increased by 20.5% in the euro area and by 21.2% in the EU. Economists had expected a 22.2% increase in the euro area.

In the euro area in May 2021, compared with April 2021, production of non-durable consumer goods fell by 2.3%, energy by 1.9%, capital goods by 1.6% and intermediate goods by 0.2%, while production of durable consumer goods rose by 1.6%.

In the EU, production of energy fell by 2.0%, non-durable consumer goods by 1.7%, capital goods by 1.6% and intermediate goods by 0.1%, while production of durable consumer goods rose by 1.5%.

In the euro area in May 2021, compared with May 2020, production of durable consumer rose by 37.6%, capital goods by 27.6%, intermediate goods by 24.1%, non-durable consumer goods by 9.7% and energy by 7.1%. In the EU, production of durable consumer rose by 39.1%, capital goods by 29.6%, intermediate goods by 24.2%, non durable consumer goods by 10.1% and energy by 7.1%.

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