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Eurozone industrial production up 0.9% in May

Industrial production in the eurozone picked up by 0.9% in May, compared to the previous month, the European Union's statistics bureau Eurostat said on Thursday.

The seasonally adjusted industrial production in the 13-nation bloc sharing the same currency fell by 0.7% in April after an increase of 0.6% in March, according to newly revised figures. In May, production of energy led the growth with an increase of 1.8% compared to April.

Durable consumer goods, capital goods, intermediate goods and non-durable consumer goods rose by 1.7%, 1.1%, 1% and 0.4% respectively. Industrial production in Germany, the largest economy within the bloc, jumped by 2% in May, while France registered an increase of 0.4%. Among those members whose data were available, Romania registered the highest monthly increase of 7.5% in May, while Ireland recorded the largest decrease of 1.8%.

Compared to the same period of the previous year, the eurozone industrial production rose by 2.5%. In the broader EU with 27 member states, industrial output gained 0.7% in March. The year-on-year growth was 2.7%. (