Eurozone Industrial Production Misses Forecasts in May Amid Sharp Drop in Ireland

21:13 - 15.07.2026


July 15, Fineko/abc.az. The Statistical Office of the European Union (Eurostat) has released industrial production data for May 2026. Both the Eurozone and the EU registered declines on monthly and annual bases, falling short of market expectations.

According to the data, industrial output in the Eurozone fell by 0.2% month-on-month and by 1.2% year-on-year in May. The figures missed market consensus, which estimated a 0.3% monthly increase and a milder 0.5% annual drop. Across the broader EU, industrial production slipped by 0.1% monthly and by 0.3% annually.

Among EU member states, the steepest month-on-month declines were recorded in Ireland (-5.2%), Malta (-3.7%), and Lithuania (-3%). On an annual basis, Ireland also experienced the most severe plunge (-19.7%). Conversely, the strongest year-on-year growth was registered in Denmark and Sweden (+6.5%), followed by Latvia (+6.2%).