Industrial production in the euro area was weaker than expected in May

By: Trademagazin editor Date: 2020. 07. 14. 11:00

In May, industrial production in the euro area declined more than expected year-on-year and grew less than in April, according to a report by Eurostat, the European Union’s statistical office.

In May, euro area industrial production fell by 20.9 percent year-on-year from 20.0 percent, after a record 28.7 percent year-on-year decline in April.
Instead of the expected 15.0 percent increase over the previous month, industrial production in the euro area expanded by only 12.4 percent in May, following a monthly decline of 18.2 percent in April. (MTI)