Euro Area industrial production rose by 1.7% month-over-month in May 2025, reversing from a 2.2% fall in April and beating market expectations for a 0.9% increase. Output rebounded for energy (3.7% vs -2.8%), capital goods (2.7% vs -1.3%) and non-durable consumer goods (8.5% vs -5.7%). On the other hand, production fell further for intermediate goods (-1.7% vs -0.8%) and durable consumer goods (-1.9% vs -0.4%). On an annual basis, industrial output growth accelerated to 3.7% in May from 0.2% in April, above forecasts of a 2.4% increase.