14 Jul 2015
Eurozone industrial production contracts 0.4% in May
FXStreet (Mumbai) - The data released by the Eurostat on Tuesday showed the seasonally adjusted industrial production fell by 0.4% month-on-month in May, beating the estimated rise of 0.2%. Year-on-year the figure printed at 1.6%, missing the estimate of 1.9%.
As per the official report, the increase of 1.6% in industrial production in the Eurozone in May 2015, compared with May 2014, is due to production of durable consumer goods rising by 4.8%, capital goods by 4.1% and intermediate goods by 2.2%, while non-durable consumer goods fell by 0.5% and energy by 4.2%.
As per the official report, the increase of 1.6% in industrial production in the Eurozone in May 2015, compared with May 2014, is due to production of durable consumer goods rising by 4.8%, capital goods by 4.1% and intermediate goods by 2.2%, while non-durable consumer goods fell by 0.5% and energy by 4.2%.