The latest data release from Eurostat, shows that seasonally adjusted industrial production has risen 0.5% in the euro zone between April and May 2017. The annual rate has risen by 1.4% in both the euro area and the EU28.
This is largely due to a 4.7% increase in the production of energy, with a 0.6% rise in the production of durable consumer goods, a 0.2% rise in the production of non-durable consumer goods and a 0.1% rise in the production of intermediate goods making up for a 0.7% decrease in the production of capital goods.
The 0.5% total increase was spurred by a 1% country-level increase in Germany, covering smaller decreases in France (down 0.6%), Italy (down 0.4%) and Spain (down 0.1%). Although, among member states for which data are available, the highest country-level increases were reported in Ireland (+7.7%), Malta (+2.9%), and Portugal (+2.0%). The highest decrease was recorded in Slovakia (-10.9%),
In total, aggregate euro zone industrial production is increasing and the goods sector is predicted to experience a stable second quarter.