July 13, 2023
According to the statistical office of the European Union (Eurostat), industrial production increased in May 2023 by 0.2% in the euro area (+1.0% from April 2023) and by 0.1% in the EU (+ 0.6% from April 2023). However, Industrial production decreased by 2.2% in the euro area and by 1.8% in the EU as at May 2023 relative to May 2022.
Monthly comparison by main industrial grouping and by Member State
Increases in industrial production in the euro area in May 2023, relative to April 2023, were recorded in non-durable consumer goods (+0.3%), both intermediate goods and durable consumer goods (+0.5%), and capital goods (+1.0%), while energy production decreased by 1.1%.
Industrial production in the EU increased in non-durable consumer goods (+0.7%), both intermediate goods and durable consumer goods (+0.4%), and capital goods (+1.0%), while energy production decreased by 1.8%.
The Member states with the largest monthly increases in industrial production were Slovenia (+7.9%), Croatia (+4.3%), both Finland and Slovakia (+2.5%). Decreases were recorded in Ireland (-4.9%), Lithuania (-2.8%), and both Romania and Belgium (-1.2%).
Annual comparison by main industrial grouping and by Member State
Decreases in industrial production in the euro area in May 2023, relative to May 2022, were recorded in energy production (-6.2%), intermediate goods (-5.4%), durable consumer goods (-5.0%), and non-durable consumer goods (-2.8%), while production in capital goods Increased (+2.5%).
Industrial production in the EU decreased in energy (-7.5%), durable consumer goods (-6.4%), intermediate goods (-6.1%), and non-durable consumer goods (-0.3%), while production in capital goods increased (+3.5%).
The largest annual decreases in all Member states were Ireland (-16.2%), Estonia (-12.8%), and Bulgaria (-11.0%). The highest increases were noted in Malta (+12.2%), Denmark (+7.8%) and France (+2.9%).
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