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Euro area industrial output up 0.2 percent in May from Apr

Friday, 14 July 2023 13:38:55 (GMT+3)   |   Istanbul

In May this year, seasonally-adjusted industrial production increased by 0.2 percent in the euro area and by 0.1 percent in the EU-27, as compared with April.

Industrial production in April this year had risen by 1.0 percent in the euro area and by 0.6 percent in the EU-27, both on month-on-month basis. In May this year, compared with May 2022, industrial production moved down by 2.2 percent in the euro area and by 1.8 percent in the EU-27. These figures are released by Eurostat, the Statistical Office of the European Union

As compared to April this year, in May the production of durable goods was up by 0.5 percent in the euro area and by 0.4 in the EU-27, while the production of capital goods grew by 1.0 percent both in the euro area and the EU-27 on month-on-month basis. In the given month, output of non-durable consumer goods increased by 0.3 percent in the euro area and by 0.7 in the EU-27, month on month. In May, the production of intermediate goods went up by 0.5 percent in the euro area and by 0.4 percent in the EU-27, while the production of energy moved down by 1.1 percent in the euro area and by 1.8 in the EU-27, all month on month. 

Among the member states, in May the highest month-on-month increases were registered in Slovenia (7.9%), Croatia (4.3%), and Slovakia and Finland (both 2.5%). 

As compared to the same month of 2022, in May this year production of capital goods increased by 2.5 percent in the euro area and 3.5 percent in the EU-27. In the same month, production of durable consumer goods was down by 5.0 percent in the euro area and by 6.4 percent in the EU-27, while production of intermediate goods fell by 5.4 percent in the euro area and by 6.1 percent in the EU-27, all year on year. In the given month, production of non-durable consumer goods decreased by 2.8 percent in the euro area and by 0.3 percent in the EU-27, while production of energy declined by 6.2 percent in the euro area and by 7.5 percent in the EU-27, all on year-on-year basis. 

In May, the highest year-on-year increases were registered in Malta (12.2%), Denmark (7.8%) and France (2.9%), while Ireland (-16.2%), Estonia (-12.8%), and Bulgaria (-11.0%) registered the highest decreases.


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