By Anadolu Agency
July 13, 2023 8:11 amANKARA
Industrial production growth in the euro area slowed to 0.2% on a monthly basis in May, according to data released on Thursday.
May’s figure, slightly below market estimates, followed a 1% month-on-month hike in April.
The production of capital goods rose 1% from the prior month in May, after surging 14.7% in April. The production of intermediate goods returned to growth in May by 0.5%.
On an annual basis, industrial output fell 2.2% in May, switching from 0.2% growth in April.
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