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Eurozone industrial output down 0.4% in May

by ChemOrbis Editorial Team -
  • 14/07/2015 (14:55)
According to data released by Eurostat, industrial output in the eurozone declined 0.4% on the month in May after following a stable trend in the preceding month. Economists’ initial estimates called for an increase of 0.2% in May. On a yearly basis, however, factory output in the eurozone rose 1.6% compared with the same month of 2014.

The data also revealed that energy production slipped 3.2% and production for non-durable consumer goods decreased by 1.4%. However, production of durable consumer goods rose by 0.4% while capital goods output increased 0.1% from a month earlier in May. Output for intermediate goods, meanwhile, edged up 0.1% month over month.

Across the region, the largest decreases in industrial production on a monthly basis were reported in Ireland (-6.9%), the Netherlands (-5.7%) and Greece (-5.1%) while the largest increases were seen in Croatia (+2.6%), Lithuania (+1.7%) and Portugal (+1.0%).
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