LUXEMBOURG (Dow Jones) – Industrial production ( excluding construction ) in the euro area has not won in May as strong as expected momentum. Such as Eurostat announced on Wednesday that production has increased over the previous month , seasonally adjusted 0.9% year on year by 9.4 %. ( Reuters photo 🙂
Economists had expected the month view with a rise in industrial production by 1.3% year on year it had forecast an increase of 11.3 %.
In April, industrial production over the previous month revised 0.9% ( provisional: grown up 0.8 %). Such as Eurostat announced further industrial production rose in the EU -27 in May by 1.0 % over the previous month and by 8.7 % over the previous year.
Compared to the previous month, increased the production of consumer goods in the euro area by 2.4 % in the EU27 by 1.8 %. Capital goods increased by 1.0 % and 1.7 %. Intermediate goods rose by 0.8 % in both zones . The production in the energy sector decreased by 0.6 % in the euro area and EU – 27 to 1.3%. The production of consumer goods rose by 0.6 % and 0.9 %.
Among Member States for which data were available, sixteen rising and declining industrial production in six . The highest increases were in Ireland (up 7.5% ), Slovenia (up 4.5%) and Poland and Denmark ( plus 3.4%) , while the largest decreases were recorded in Luxembourg ( minus 6.6%) and Portugal (Minus 0.7%).
Compared with May 2009, the production of intermediate goods increased by 14.7 % in the euro area and by 13.7 % in the EU -27. Capital goods rose by 8.6 % and 9.0%. Durable consumer goods rose by 6.3% in the euro area and by 7.7 % in the EU -27. In the energy sector, a production increase by 5.7 % and 4.3 % was recorded. The production of consumer goods showed an increase of 3.7% in the euro area and by 3.3 % in the EU -27.
Industrial production rose in all Member States for the data, except in Greece ( minus 6.3%) and Bulgaria ( -1.7 %). The highest increases were registered in Estonia (up 17.2% ), Luxembourg (up 13.5%) , Sweden ( up 13.4 %) , Latvia ( up 13.2 % ) and Germany (up 13.1%) .
DJG / have / voi