Industrial production in the European Union and the eurozone, adjusted for seasonal changes, in May 2024 fell by 0.8% and 0.6%, respectively, compared with the previous month. Compared to May 2023, industrial production in the EU fell by 2.5%, and in the eurozone – by 2.9%. This is evidenced by the data of Eurostat.
Among the EU member states, the highest monthly increase in industrial production in May was recorded in Ireland (+6.7%), Luxembourg (+3.9%) and Estonia (+3.8%). The largest decrease was observed in Slovenia (-7.3%), Romania (-6.2%), and Denmark (-4.9%).
On an annual basis, industrial production, according to Eurostat, in May 2024 grew the most in Denmark (+ 9.6%), Ireland (+ 8.7%) and Greece (+ 6.8%). At the same time, Romania (-6.9%), Germany (-6.6%) and Bulgaria (-6.3%) showed the largest drop in industrial production compared to May 2023.
Energy production in the eurozone in May 2024 increased by 0.8% m/m, and 0.7% y/y. In the EU, energy production in this period increased by 0.4% m/m and 1.2% y/y.
Note, according to the updated data, in April industrial production in the eurozone remained unchanged compared to the previous month, and in the EU – increased by 0.5%. The figure fell by 3.1% for the eurozone and by 2.1% for the EU.
Production in the construction sector of the European Union in April 2024 increased by 0.2% compared to the previous month. Compared to April 2023, the seasonally adjusted indicator decreased by 0.9%.
The Indian government is assessing the possibility of raising the safeguard duty on steel to…
Last week, from May 24 to 31, 2025, global iron ore prices showed a downward…
The biggest problems of cargo owners during rail transportation are the inflexibility of pricing by…
The European Union is preparing for another round of trade talks with the United States.…
Currency restrictions imposed by the National Bank of Ukraine (NBU) should be gradually adapted to…
Inflation in the euro area in May 2025 increased by 1.9% compared to the same…