Europe industrial output down over 20% in May

Europe industrial output down over 20% in May
  • Clock-gray 17:49
  • calendar-gray 14 July 2020

Industrial production in Europe continued to fall on an annual basis in May despite a monthly rise fueled by eased COVID-19 containment measures, Eurostat reported on Tuesday, APA reports citing Anadolu Agency. 

EU industrial output dropped 20.5% in May from the same month last year, while rising 11.4% month-on-month.

"In the EU27, production of capital goods fell by 29.5%, durable consumer goods by 23.2%, intermediate goods by 18.5%, non-durable consumer goods by 13.4% and energy by 10.6%," the statistical office said, giving year-on-year figures.

Industrial production fell in all member states for which data are available, with the largest decreases seen in Slovakia (minus 33.5%), Hungary (minus 27.6%), and Romania (minus 27.4%).

Industrial output in the eurozone also fell 20.9% year-on-year in May while climbing 12.4% from the previous month.

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