Eurozone May industrial production -1.0% vs -0.3% m/m expected

Author: Justin Low | Category: News

Latest data released by Eurostat - 14 July 2021


  • Prior +0.8%
  • Industrial production WDA +20.5% y/y
  • Prior +39.3%
Supply chain disruptions are the likely culprit for the drop in May, with chip shortages a key factor in that sense, as pointed out by economist, Christophe Barraud here.Invest in yourself. See our forex education hub.

The details show that non-durable consumer goods output fell by 2.3%, energy down 1.9%, capital goods down 1.6%, and intermediate goods down 0.2% on the month.

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