Eurozone industrial production unexpectedly fell by 0.2% MoM in May, ending three consecutive months of growth

⑴ In May, industrial production in the Eurozone decreased by 0.2% month-on-month, ending three consecutive months of growth and falling short of the market's expected 0.2% increase. ⑵ The decline was dragged down by reduced output in durable consumer goods (-1.1%) and intermediate goods (-0.3%), while increases in energy (2.2%), non-durable goods (0.8%), and capital goods (0.3%) provided some offset. ⑶ Among major economies, Ireland experienced the largest drop (-5.2%), with declines also recorded in France (-0.1%) and Italy (-0.3%), while Germany (0.8%) and Spain (1.2%) saw growth. ⑷ Year-on-year, industrial production fell by 1.2%, compared to the previous growth of 0.4%, below the market's expected decline of 0.5%.