Eurozone Industrial Production Falls 0.2%, Misses Forecast
Eurozone industrial production fell 0.2% in May from April, missing the 0.3% increase economists expected. Energy and capital goods rose, but durable consumer goods dropped 1.1%.
Eurozone industrial production fell 0.2% in May from April, Eurostat said. Economists had forecast a 0.3% increase. The decline followed a 0.3% rise in April.
Energy output rose 2.2% and capital goods production increased 0.3%, Eurostat's breakdown showed. Non-durable consumer goods advanced 0.8%. Those gains were offset by a 0.3% decline in intermediate goods and a 1.1% drop in durable consumer goods.
By country, Ireland posted the largest monthly decline at 5.2%. Malta and Lithuania also fell. Luxembourg and Hungary led gains, with Poland also rising.
The data cover the 20-nation euro area.
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