FX.co ★ Eurozone Industrial Output Unexpectedly Falls

Eurozone industrial production fell by 0.2% month-over-month in May 2026, ending a three-month streak of growth and missing market expectations for a 0.2% increase. The decline was mainly driven by reduced output of durable consumer goods (-1.1%) and intermediate goods (-0.3%), which outweighed gains in energy (2.2%), non-durable consumer goods (0.8%), and capital goods (0.3%).

Among the bloc’s largest economies, Ireland registered the steepest drop (-5.2%), while France (-0.1%) and Italy (-0.3%) also recorded declines. In contrast, Germany (0.8%) and Spain (1.2%) posted increases in output. On an annual basis, industrial production decreased by 1.2%, following a 0.4% rise in April and coming in weaker than expectations for a 0.5% contraction.