Industrial production in the EU fell by 0.1% m/m in May

In May 2026, seasonally adjusted industrial production in the EU fell by 0.1% compared with the previous month, and in the eurozone by 0.2% month-on-month. This is according to preliminary data from Eurostat.

Among the Member States, the largest monthly increases in production were recorded in Luxembourg (+2.7%), Hungary (+2.3%) and Poland (+2%). The sharpest declines were recorded in Ireland (-5.2%), Malta (-3.7%) and Lithuania (-3%).

Year-on-year, industrial production in the eurozone fell by 1.2% in May, and by 0.3% in the EU.

The sharpest declines compared with May 2025 were recorded in Ireland (-19.7%), Bulgaria (-4.7%) and Estonia (-3.0%). The highest growth was observed in Denmark and Sweden (both +6.5%), Latvia (+6.2%) and Hungary (+5.4%).

In May this year, compared with April, production in the energy sector rose by 2.2 per cent in the eurozone and by 2 per cent in the EU. Year-on-year, the figure rose by 1.3 per cent and 1.6 per cent respectively.

It should be noted that, in its latest review in June, the ECB raised its inflation forecast for the eurozone in 2026 to 3%, compared with 2.6% in the previous review in March. Expectations for 2027 stand at 2.3%, and for 2028 at 2%. In addition, the regulator has lowered its forecast for eurozone economic growth this year by 0.1 percentage points, to 0.8%.

As reported by GMK Center, in the first quarter of 2026, seasonally adjusted GDP rose by 0.1% in both the eurozone and the EU compared with the previous quarter.