Eurozone Industrial Production in May Down 1.0% MoM... Below Expectations
[Asia Economy Reporter Kim Suhwan] The European Union (EU) industrial production in May declined more than expected.
On the 14th (local time), Eurostat, the EU's statistical agency, announced that Eurozone industrial production in May fell by 1.0% compared to the previous month. This is 0.8 percentage points lower than the market forecast of a 0.2% decrease.
Additionally, Eurostat reported that industrial production increased by 20.5% compared to the same period last year. This is also lower than the market expectation of a 22.2% increase.
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Meanwhile, April Eurozone industrial production was revised to a 0.6% increase month-on-month and a 39.4% increase year-on-year.
This content was produced with the assistance of AI translation services.
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