The 2020 Mid-Year Economic Update_long

European Industrial Production Falls in May

Compared with May, industrial production declined 0.3 percent in the euro area and by 0.1 percent in the EU28.

Compared with May 2013, seasonally adjusted industrial production in May fell by 0.3 percent in the euro area (EA18) and by 0.1 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In May 2014 industrial production fell by 1.1 percent in both zones.

In June 2014 compared with June 2013, industrial production remained stable in the euro area and rose by 0.7 percent in the EU28.

The decrease of 0.3 percent in industrial production in the euro area in June 2014, compared with May 2014, is due to production of non-durable consumer goods falling by 1.9 percent and energy by 0.7 percent. Capital goods remained stable, while intermediate goods rose by 0.4 percent and durable consumer goods by 2.3 percent.

In the EU28, the decrease of 0.1 percent is due to non-durable consumer goods falling by 1.4 percent and energy by 0.6 percent, while capital goods increased by 0.2 percent, intermediate goods by 0.4 percent and durable consumer goods by 1.8 percent.

The largest decreases in industrial production were registered in Ireland (-16.5 percent), the Netherlands (-3.0 percent) and Lithuania (-2.7 percent), and the highest increases in Malta (+5.2 percent), Denmark (+2.4 percent) and Hungary (+1.8 percent).

Annual Comparison

The stable industrial production in the euro area in June 2014, compared with June 2013, is due to production of non-durable consumer goods rising by 1.7 percent and intermediate goods by 0.2 percent, while capital goods fell by 0.1 percent, durable consumer goods by 1.8 percent and energy by 3.4 percent.

In the EU28, the increase of 0.7 percent is due to production of non-durable consumer goods rising by 1.5 percent, intermediate goods by 1.1 percent and capital goods by 0.8 percent, while durable consumer goods fell by 0.4 percent and energy by 2.9 percent.

The highest increases in industrial production were registered in Hungary (+11.3 percent), Romania (+9.9 percent) and Slovakia (+7.5 percent), and the largest decreases in Greece (-6.9 percent), Malta (-3.8 percent) and Latvia (-2 percent).

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