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In The News:

European Industrial Production Falls in May

Compared with April 2014, seasonally adjusted industrial production in May fell by 1.1 percent in both the euro area (EA18) and the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In April 20143 industrial production rose by 0.7 percent in both zones.

In May 2014 compared with May 2013, industrial production grew by 0.5 percent in the euro area and by 1.1 percent in the EU28.

The decrease of 1.1 percent in industrial production in the euro area in May 2014, compared with April 2014, is due to production of intermediate goods falling by 2.4 percent, non-durable consumer goods by 2.2 percent, durable consumer goods by 1.8 percent and capital goods by 0.5 percent, while energy increased by 3 percent.

In the EU28, the decrease of 1.1 percent is due to intermediate goods falling by 2.1 percent, non-durable consumer goods by 1.8 percent, durable consumer goods by 1.6 percent and capital goods by 1 percent, while energy increased by 2.2 percent.

The largest decreases in industrial production were registered in Portugal (-3.6 percent), Sweden (-3.2 percent) and Denmark (-2.1 percent), and the highest increases in Romania (+2.6 percent), Lithuania (+1.6 percent) and the Netherlands (+1.1 percent).

Annual Comparison
The increase of 0.5 percent in industrial production in the euro area in May 2014, compared with May 2013, is due to production of capital goods rising by 1.5 percent, non-durable consumer goods by 1.4 percent and intermediate goods by 0.4 percent, while durable consumer goods fell by 0.3 percent and energy by 3.1 percent.

In the EU28, the increase of 1.1 percent is due to production of capital goods rising by 2.2 percent, both intermediate goods and non-durable consumer goods by 1.4 percent, and durable consumer goods by 0.7 percent, while energy fell by 2.9 percent.

The highest increases in industrial production were registered in Romania (+15.0 percent), Lithuania (+10.2 percent) and Hungary (+9.5 percent), and the largest decreases in Malta (-11.9 percent), France (-4.2 percent) and Finland (-2.9 percent).

For more detail, download the PDF below.

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