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Eurozone industrial output gains 1.3% in May, EU28 1.2%

July 12, 2018 9:42 AM
17 0
Eurozone industrial output gains 1.3% in May, EU28 1.2%

Mubasher: The Eurozone’s industrial production rose 1.3% in May, compared with the previous month, data showed on Thursday.

As for the 28-member European Union (EU28), industrial production increased 1.2% month-on-month in May, the Eurozone’s statistical office, the Eurostat said.

Compared to May 2017, the industrial production saw a 2.4% increase in both zones in the fifth month of 2018.

In May, the Eurozone saw a production increase of 2.1% in both durable and non-durable consumer goods, while the produced intermediate goods increased 1.6%, with 0.7% gain for capital goods and 0.5% for energy products.

In the EU28, the monthly increase was ascribed to a 2% increase for durable consumer goods and 1.7% for non-durable goods, while the production of intermediate goods rose by 1.6% and capital goods by 0.6%.

However, energy products inched down 0.1% during the month, the Eurostat said.

The highest industrial production rates in May were observed in Lithuania at 11.6%, Sweden at 3.4%, and 3.2% in Ireland.

On the other hand, Denmark and Portugal logged the lowest rates at -2.8% and -2% respectively.


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