RTTNews - Eurozone industrial production recorded a monthly growth of 0.5% in May, reversing a revised 1.4% fall in April, the Eurostat announced Tuesday. However, the monthly growth rate stood below the expected increase of 1.5%.
Output plunged 17% in May compared to May 2008. Annual decrease was slower than the 20.5% revised decrease in April and 17.5% drop expected by economists.
In EU27, industrial output edged up 0.1% from April and slid 15.9% on a yearly basis.
Among the Member States for which data are available, industrial production on a monthly basis rose in eight, fell in eleven and remained stable in Italy. The highest monthly increases were registered in Lithuania, Germany, Slovenia and France. At the same time, the most significant falls were reported by Latvia, Spain, Sweden and Finland.
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