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Industrial Production up by 0.5% in Euro Area in May 2009
added: 2009-07-14

In May 2009 compared with April 2009, seasonally adjusted industrial production grew by 0.5% in the euro area (EA16) and by 0.1% in the EU27. In April production fell by 1.4% and 0.8% respectively. In May 2009 compared with May 2008, industrial production declined by 17.0% in the euro area and by 15.9% in the EU27.

Monthly comparison

In May 2009 compared with April 2009, production of capital goods increased by 1.2% in the euro area and by 0.5% in the EU27. Non-durable consumer goods grew by 0.8% and 0.4% respectively. Intermediate goods rose by 0.3% in the euro area and remained stable in the EU27. Energy declined by 0.2% in the euro area, but grew by 1.2% in the EU27. Durable consumer goods fell by 2.9% and 1.0% respectively.

Among the Member States for which data are available, industrial production rose in eight, fell in eleven and remained stable in Italy. The highest increases were registered in Lithuania (+7.3%), Germany (+3.7%), Slovenia (+2.9%) and France (+2.6%), and the most significant falls in Latvia (-4.0%), Spain (-2.9%), Sweden (-2.6%) and Finland (-2.2%).

Annual comparison

In May 2009 compared with May 2008, production of non-durable consumer goods fell by 2.2% in the euro area and by 2.0% in the EU27. Energy decreased by 9.3% and 6.0% respectively. Durable consumer goods declined by 21.2% in the euro area and by 17.2% in the EU27. Capital goods dropped by 22.1% and 21.2% respectively. Intermediate goods fell by 23.4% in the euro area and by 22.5% in the EU27.

Industrial production fell in all Member States for which data are available. The largest decreases were registered in Estonia (-29.9%), Finland (-23.2%) and Luxembourg (-22.9%), and the smallest in Ireland (-4.1%), Poland (-5.1%) and Greece (-7.4%).


Source: Eurostat

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