Current: Euro-Zone industrial production continues to decline

Industrial production data for the euro zone for May have just been released. It is down by 0.5% year on year. With the previous months at -0.4% and -0.5% this is only the third consecutive month of declining production volume. With +0.4% in May and +0.0% in April, the situation in the EU as a whole does not look quite so bad, but also not really good!

Here are further details of Eurostat in wording:

In the euro zone production of intermediate goods fell by 2.6% and investment goods by 0.7% in May 2019 compared with May 2018. Production of consumer durables increased by 0.4%, production of energy by 0.8% and production of consumer non-durables by 3.1%. In the EU28 non-durable consumer goods increased by 2.8%, energy by 1.7% and durable consumer goods by 1.2%, while investment goods decreased by 0.1% and intermediate goods by 1.4%. Among Member States for which data are available, the largest decreases in industrial production were observed in Malta (-5.1%), Germany (-4.3%) and Romania (-2.3%). The highest increases were registered in Denmark (+12.5%), Ireland (+8.2%) and Hungary (+6.1%).

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