Eurozone industrial production declined unexpectedly in May largely due to a fall in energy output, data from Eurostat showed Tuesday.
Industrial production was down 0.4 percent month-on-month in May after staying flat in April. It was forecast to rise 0.2 percent in May.
However, annual growth in industrial output accelerated to 1.6 percent from 0.9 percent a month ago. But it was slower than a 2 percent rise forecast by economists.
On a monthly basis, energy output declined 3.2 percent and non-durable consumer goods slid 1.4 percent. Production of capital goods and durable consumer goods advanced 1 percent and 0.4 percent, respectively. Intermediate goods output edged up 0.1 percent.
For comments and feedback: editorial@rttnews.com