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May’s industrial production down on April and on last year

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May's industrial production down on April and on last yearProvisional seasonally adjusted data released by the National Statistics Office today show that industrial production decreased by 0.8 per cent in May over the previous month. When compared to the corresponding month last year, the index of industrial production adjusted for working days decreased by 0.3 per cent.

In May, industrial production decreased by 0.8 per cent to 107.3 points. This was mainly due to decreases of 2.1 and 2.2 per cent registered in the production of capital and consumer goods respectively. On the other hand, the production of intermediate goods and energy increased by 1.2 and 0.3 per cent respectively.

When compared to the corresponding month last year, the index of industrial production went down by 0.3 per cent. The largest decline was reported in the consumer goods sector (-6.0 per cent), which was partially offset by increases in intermediate goods (+0.6 per cent) and capital goods (+14.4 per cent).

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