In May, industrial production expanded 0.6% over the previous month in seasonally adjusted terms. The result contrasted the 1.1% drop recorded in April (previously reported: -0.8% month-on-month) and came in above market expectations of a flat reading. On an annual basis, industrial production declined 2.8%, which was further down from the 2.4% contraction registered in April. At a country level, Slovenia (-3.2% mom) and France (-2.1% mom) were the region's worst performers whereas, at the other end of the spectrum, Portugal (+4.1% mom), Slovakia and Luxembourg (both at +2.2% mom) recorded the best results. Among the remaining major economies, Germany showed the largest expansion (+1.5% mom), followed by Spain (+0.9% mom) and Italy (+0.8% mom). As a result of the monthly reading, the trend continued to deteriorate, with annual average growth in industrial production falling from 0.9% in April to 0.3% in May.
Industrial production picks up in May
July 12, 2012
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Eurozone Economic News
October 24, 2016
Recent data suggest that business activity in the Euro area picked up momentum at the start of Q4.
October 20, 2016
The European Central Bank (ECB) decided to stay the course and made no changes to its monetary policy at its 20 October meeting, matching market expectations.
October 17, 2016
Complete data released by Eurostat on 17 October confirmed that harmonized inflation was 0.4% in September, above August’s 0.2% and the highest reading seen since June 2014.
October 12, 2016
The industrial sector in the common-currency bloc grew in August after contracting in July.
September 30, 2016
Inflation rose to an almost two-year high in September, providing some evidence that the European Central Bank’s monetary stimulus is bearing fruit.