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Eurozone industrial output falls 0.2% in May as manufacturing recovery stalls

May industrial production dropped after April’s 0.3% gain, with declines in durable and intermediate goods offsetting strength in energy and capital goods.

Reported · Written up by our desk · Economy

Eurozone industrial production fell 0.2% month-on-month in May, reversing April’s 0.3% rise and coming in below expectations for a 0.3% increase, according to Action Forex.

The report said the weakness reflected an uneven manufacturing picture, with energy output rising 2.2% and capital goods production up 0.3%, alongside gains in non-durable consumer goods of 0.8%.

Those positive areas were outweighed by a 0.3% drop in intermediate goods production and a sharper 1.1% decline in durable consumer goods, pointing to subdued demand across parts of the supply chain.

Across member states, the biggest monthly decline was in Ireland at -5.2%, followed by Malta and Lithuania, while Luxembourg, Hungary, and Poland recorded the strongest gains, reinforcing the view that the region’s recovery is fragmented rather than broad-based.

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