Industrial production down by 0.1% in the euro area and up by 0.5% in the EU (2024)

Euro indicators 13 June 2024 Next release: 15 July 2024

April 2024 compared with March 2024

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Down by 3.0% in the euro area and by 2.0% in the EU compared with April 2023

Overview

In April 2024, compared with March 2024, seasonally adjusted industrial production decreased by 0.1% in the euro area and increased by 0.5% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In March 2024, industrial production grew by 0.5% in the euro area and remained stable in the EU.

In April 2024, compared with April 2023, industrial production decreased by 3.0% the euro area and by 2.0% in the EU.

Monthly comparison by main industrial grouping and by Member State

In the euro area in April 2024, compared with March 2024, industrial production

decreased by 0.4% for intermediate goods,
increased by 0.4% for energy,
increased by 0.7% for capital goods,
increased by 0.3% for durable consumer goods,
increased by 3.4% for non-durable consumer goods.

In the EU, industrial production

decreased by 0.2% for intermediate goods,
increased by 0.3% for energy,
increased by 0.5% for capital goods,
increased by 1.0% for durable consumer goods,
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increased by 3.9% for non-durable consumer goods.

The highest monthly increases were recorded in Denmark (+10.4%), Greece (+7.0%) and Poland (+6.7%). The largest decreases were observed in Luxembourg (-6.7%), Latvia (-4.9%) and Ireland (-3.4%).

Annual comparison by main industrial grouping and by Member State

In the euro area in April 2024, compared with April 2023, industrial production

decreased by 2.0% for intermediate goods,
decreased by 1.1% for energy,
decreased by 5.3% for capital goods,
decreased by 3.1% for durable consumer goods,
increased by 0.7% for non-durable consumer goods.

In the EU, industrial production

decreased by 1.8% for intermediate goods,
decreased by 0.9% for energy,
decreased by 4.9% for capital goods,
decreased by 2.1% for durable consumer goods,
increased by 2.9% for non-durable consumer goods.

The largest annual decreases were recorded in Ireland (-15.7%), Latvia (-7.8%) and Finland (-6.8%). The highest increases were observed in Denmark (+17.4%), Greece (+10.8%) and Slovenia (+7.4%).

Tables

Industrial production % change compared with previous month*
	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24
Euro area
Total industry	0.4	1.4	-2.2	0.1	0.5	-0.1
Intermediate goods	-0.7	-1.4	2.2	0.3	-0.2	-0.4
Energy	2.2	0.3	1.2	-3.2	-0.1	0.4
Capital goods	0.7	11.4	-15.5	2.0	0.9	0.7
Durable consumer goods	-1.6	0.1	-1.3	1.2	-0.6	0.3
Non-durable consumer goods	2.7	-0.6	-0.4	-0.4	-2.7	3.4
EU
Total industry	0.4	1.2	-1.9	0.2	0.0	0.5
Intermediate goods	-0.7	-0.8	1.4	0.7	-0.3	-0.2
Energy	1.6	0.4	1.0	-3.4	0.3	0.3
Capital goods	0.4	10.2	-13.8	1.7	0.6	0.5
Durable consumer goods	-1.5	0.2	-1.1	1.4	-0.6	1.0
Non-durable consumer goods	2.5	-0.5	-0.5	0.0	-2.7	3.9
* Calendar and seasonally adjusted Source dataset: sts_inpr_m

Industrial production % change compared with previous month*
	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24
Euro area	0.4	1.4	-2.2	0.1	0.5	-0.1
EU	0.4	1.2	-1.9	0.2	0.0	0.5
Belgium	-4.1	5.2	-3.5	0.2	3.6	0.4
Bulgaria	-4.4	4.0	-4.1	0.2	-0.4	3.3
Czechia	-1.3	3.1	-3.1	2.1	-1.6	0.6
Denmark	3.9	-0.5	-0.9	1.4	-3.5	10.4
Germany	0.3	-2.1	1.0	0.7	-0.3	0.3
Estonia	3.3	5.1	-8.3	2.3	1.2	-1.5
Ireland**	8.2	18.8	-19.7	-5.1	10.5	-3.4
Greece	-4.2	0.9	3.5	-1.8	-1.6	7.0
Spain	0.5	-0.9	1.1	1.3	-1.1	0.0
France	0.6	0.3	-1.1	0.3	-0.2	0.6
Croatia	2.0	-4.2	-0.3	-2.5	0.5	0.0
Italy	-1.4	1.2	-1.5	0.0	-0.5	-1.0
Cyprus	0.4	0.6	-0.6	0.4	2.3	-1.7
Latvia	-1.8	1.1	-1.5	2.1	-0.7	-4.9
Lithuania	-0.1	-2.6	3.9	-2.8	4.0	4.1
Luxembourg	-1.2	1.2	-2.4	-1.0	4.6	-6.7
Hungary	-2.8	0.5	-0.8	3.3	-3.1	-0.6
Malta	2.7	5.2	-9.1	1.8	2.7	0.9
Netherlands	0.1	3.3	-2.6	1.0	-0.9	0.5
Austria	-1.6	2.2	-1.9	0.0	0.6	2.2
Poland	-0.4	0.2	0.5	0.0	-5.1	6.7
Portugal	3.4	-1.9	3.0	0.6	2.8	-2.4
Romania	-0.2	1.6	-3.4	3.3	4.0	-1.3
Slovenia	4.3	-8.4	8.1	3.2	-6.5	5.9
Slovakia	-2.9	4.1	-2.8	0.5	-1.3	3.3
Finland	-0.4	-3.2	3.6	-0.2	-4.8	0.1
Sweden	-0.6	1.2	-0.7	-0.7	0.6	-2.5
Norway	2.3	1.3	1.8	-4.2	3.5	-0.5
Switzerland	-2.2	2.5	-1.8	-0.8	2.3	:
* Calendar and seasonally adjusted **CSO Ireland is carrying out a review of the seasonal adjustment methodology for industrial production. : Data not available Source dataset: sts_inpr_m

Industrial production % change compared with same month of the previous year*
	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24
Euro area
Total industry	-5.3	0.2	-6.5	-6.4	-1.2	-3.0
Intermediate goods	-5.8	-3.6	-3.1	-2.8	-2.8	-2.0
Energy	0.8	-1.9	0.6	-3.4	-2.1	-1.1
Capital goods	-4.7	4.6	-11.0	-9.2	1.6	-5.3
Durable consumer goods	-5.2	-3.0	-7.6	-4.2	-7.7	-3.1
Non-durable consumer goods	-7.0	-5.2	-3.7	-5.0	-7.0	0.7
EU
Total industry	-4.3	0.3	-5.4	-5.3	-1.1	-2.0
Intermediate goods	-6.0	-3.7	-3.7	-2.7	-2.5	-1.8
Energy	0.7	-1.0	0.9	-3.3	-1.6	-0.9
Capital goods	-3.8	4.2	-9.3	-7.9	1.2	-4.9
Durable consumer goods	-6.0	-4.2	-7.6	-4.1	-6.8	-2.1
Non-durable consumer goods	-4.3	-2.9	-1.6	-3.5	-4.9	2.9
* Calendar adjusted Source dataset: sts_inpr_m

Industrial production % change compared with same month of the previous year*
	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24
Euro area	-5.3	0.2	-6.5	-6.4	-1.2	-3.0
EU	-4.3	0.3	-5.4	-5.3	-1.1	-2.0
Belgium	-15.0	-5.1	-4.1	-7.8	-6.0	3.0
Bulgaria	-12.0	-5.4	-9.2	-8.0	-7.7	-0.3
Czechia	-2.8	-0.3	-0.3	0.7	-2.9	-0.4
Denmark	12.2	8.6	8.4	4.6	3.5	17.4
Germany	-4.9	-4.5	-5.1	-6.4	-5.0	-3.7
Estonia	-6.2	-3.4	-10.2	-5.3	-5.6	-4.8
Ireland	-19.9	36.0	-32.1	-35.9	38.5	-15.7
Greece	3.3	4.6	10.4	1.8	-0.6	10.8
Spain	0.2	-2.0	0.4	3.7	0.1	1.1
France	1.4	0.5	0.9	-0.7	0.4	1.0
Croatia	4.8	-1.0	-1.4	-5.2	-5.0	-2.0
Italy	-2.4	-1.5	-3.7	-3.4	-3.2	-2.9
Cyprus	1.6	2.6	1.9	1.6	8.0	2.8
Latvia	-6.1	-1.3	-2.6	1.1	0.5	-7.8
Lithuania	-3.5	-5.1	-0.3	-1.0	2.3	2.4
Luxembourg	-5.5	-1.6	-4.2	-7.8	-0.9	-5.9
Hungary	-5.2	-7.5	-3.5	1.7	-3.1	-2.3
Malta	4.4	7.4	-5.3	-5.5	-1.7	2.1
Netherlands	-3.8	-1.3	-2.5	-1.1	-3.8	-2.0
Austria	-5.7	-1.4	-4.8	-6.0	-4.5	-1.4
Poland	-0.9	-0.5	1.0	1.2	-3.1	4.7
Portugal	-1.6	-5.2	-1.7	1.0	4.0	4.5
Romania	-2.5	1.0	-4.1	-1.7	3.7	3.8
Slovenia	-2.7	-11.0	-3.5	2.6	-7.6	7.4
Slovakia	2.0	4.8	3.6	0.1	-6.9	6.4
Finland	0.3	-7.6	-0.9	1.6	-9.1	-6.8
Sweden	3.3	2.7	-1.9	-3.1	2.3	-3.6
Norway	2.5	7.7	8.3	1.7	4.6	3.5
Switzerland	-0.9	-0.9	-2.1	-2.0	-3.8	:
* Calendar adjusted : Data not available Source dataset: sts_inpr_m

Production indices for total industry, calendar and seasonally adjusted (base year 2021)
	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24
Euro area	98.0	99.4	97.2	97.3	97.8	97.7
EU	99.5	100.7	98.8	99.0	99.0	99.5
Belgium	88.5	93.1	89.8	90.0	93.2	93.6
Bulgaria	98.8	102.8	98.6	98.8	98.4	101.6
Czechia	99.7	102.8	99.6	101.7	100.1	100.7
Denmark	129.8	129.1	127.9	129.7	125.1	138.1
Germany	95.3	93.3	94.2	94.9	94.6	94.9
Estonia	87.5	92.0	84.4	86.3	87.3	86.0
Ireland*	102.5	121.8	97.8	92.8	102.5	99.0
Greece	105.4	106.4	110.1	108.1	106.4	113.9
Spain	101.8	100.9	102.0	103.3	102.2	102.2
France	100.9	101.2	100.1	100.4	100.2	100.8
Croatia	103.2	98.9	98.6	96.1	96.6	96.6
Italy	96.2	97.4	95.9	95.9	95.4	94.4
Cyprus	105.8	106.4	105.8	106.2	108.6	106.8
Latvia	94.9	95.9	94.5	96.5	95.8	91.1
Lithuania	101.0	98.4	102.2	99.3	103.3	107.5
Luxembourg	91.9	93.0	90.8	89.9	94.0	87.7
Hungary	98.3	98.8	98.0	101.2	98.1	97.5
Malta	108.5	114.1	103.7	105.6	108.5	109.5
Netherlands	99.9	103.2	100.5	101.5	100.6	101.1
Austria	100.5	102.7	100.8	100.8	101.4	103.6
Poland	110.1	110.3	110.8	110.8	105.2	112.3
Portugal	99.0	97.1	100.0	100.6	103.4	100.9
Romania	97.6	99.2	95.8	99.0	103.0	101.7
Slovenia	97.4	89.2	96.4	99.5	93.0	98.5
Slovakia	95.5	99.4	96.6	97.1	95.8	99.0
Finland	101.0	97.8	101.3	101.1	96.2	96.3
Sweden	101.9	103.1	102.4	101.7	102.3	99.7
Norway	102.1	103.4	105.3	100.9	104.4	103.9
Switzerland	105.8	108.4	106.4	105.6	108.0	:
* CSO Ireland is carrying out a review of the seasonal adjustment methodology for industrial production. : Data not available Source dataset: sts_inpr_m

Production indices for total industry, calendar adjusted (base year 2021)
	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24
Euro area	105.3	95.1	94.2	94.5	104.3	96.6
EU	106.5	96.8	95.7	96.2	106.0	98.3
Belgium	89.2	91.5	86.5	86.6	101.5	89.8
Bulgaria	102.2	105.4	93.7	93.6	101.5	98.5
Czechia	108.6	95.3	95.8	98.1	107.9	100.0
Denmark	133.6	133.8	129.3	124.8	133.3	134.7
Germany	101.8	89.3	88.0	92.8	103.0	93.6
Estonia	91.1	88.4	80.9	81.5	93.1	86.0
Ireland	136.0	116.8	105.1	71.9	91.0	98.5
Greece	103.0	106.7	100.6	105.9	108.2	112.6
Spain	106.4	92.3	100.2	104.9	108.0	102.5
France	105.0	102.5	103.2	100.2	108.7	100.2
Croatia	107.2	95.1	90.2	93.0	103.2	96.6
Italy	100.5	86.1	90.6	98.6	105.8	93.2
Cyprus	106.6	107.0	97.4	100.4	109.4	103.6
Latvia	100.8	102.1	74.5	83.5	96.8	88.9
Lithuania	105.6	98.7	98.3	93.7	105.8	103.9
Luxembourg	94.5	86.0	86.5	89.0	103.9	89.7
Hungary	103.5	89.4	92.8	102.2	105.5	95.6
Malta	109.4	100.7	98.8	99.4	113.1	107.3
Netherlands	103.4	104.1	98.0	97.8	107.6	99.3
Austria	106.4	102.8	91.1	96.2	110.4	102.8
Poland	114.5	106.6	106.1	107.5	115.2	111.2
Portugal	103.0	89.0	101.6	98.0	109.8	98.9
Romania	102.5	94.5	91.3	94.9	108.7	99.3
Slovenia	102.1	80.1	93.0	97.0	102.9	96.9
Slovakia	102.8	87.5	96.7	100.1	100.9	100.0
Finland	104.0	107.4	99.3	95.8	101.1	95.1
Sweden	108.9	105.8	100.6	101.3	116.3	100.5
Norway	107.1	109.9	115.9	100.4	112.2	103.5
Switzerland	107.9	107.6	103.4	99.4	120.2	:
: Data not available Source dataset: sts_inpr_m

Notes for users

Revisions and timetable

Compared with data issued in the News Release of 15 May 2024, the monthly percentage change for March 2024 has been revised from +0.6% to +0.5% in the euro area and from +0.2% to 0.0% in the EU. The annual percentage change has been revised from -1.0% to -1.2% in the euro area and from -1.0% to -1.1% in the EU.

Methods and definitions

The index of industrial production measures the evolution of the volume of production for industry excluding construction, based on data adjusted for calendar and seasonal effects.

Seasonally adjusted euro area and EU series are calculated by aggregating the seasonally adjusted national data.

Total industry covers NACE rev.2 sections B to D. Missing observations from Member States for recent months are estimated for the calculation of the euro area and the EU aggregates.

Starting with reference period January 2024, the base year of the data has been changed to 2021, since 2018 the base year had been 2015. More information on the reasons for and impact of the base year change can be found in the related Statistics Explained article.

Geographical information

The euro area (EA20) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU27) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.

For more information

Database section on short-term business statistics
Statistics Explained article on the industrial production index

The weights of the Member States in the EU and euro area aggregates
(see file Base year 2021 weights - Euro indicators releases)
Euro indicators dashboard

Release calendar for Euro indicators

European Statistics Code of Practice

Get in touch

Media requests

Eurostat Media Support

Phone: (+352) 4301 33 408

E-mail: eurostat-mediasupport@ec.europa.eu

Further information on data

E-mail: ESTAT-STS-DATA@ec.europa.eu

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Industrial production down by 0.1% in the euro area and up by 0.5% in the EU (2024)

FAQs

What is the industrial production index in the euro area? ›

Basic Info

Eurozone Industrial Production Index is at a current level of 106.00, up from 103.30 last month and up from 104.90 one year ago. This is a change of 2.61% from last month and 1.05% from one year ago.

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What is the industrial output of Europe? ›

European Union manufacturing output for 2022 was $2,509.63B, a 2.89% decline from 2021. European Union manufacturing output for 2021 was $2,584.39B, a 14.47% increase from 2020. European Union manufacturing output for 2020 was $2,257.77B, a 3.8% decline from 2019.

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What is the flash estimate for inflation in the euro area? ›

Overview. Euro area annual inflation is expected to be 2.6% in May 2024, up from 2.4% in April according to a flash estimate from Eurostat, the statistical office of the European Union.

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What is the euro inflation rate in Eurostat? ›

The euro area annual inflation rate was 2.6% in May 2024, up from 2.4% in April. A year earlier, the rate was 6.1%. European Union annual inflation was 2.7% in May 2024, up from 2.6% in April. A year earlier, the rate was 7.1%.

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What is the industrial sentiment in euro area? ›

In the Euro Area, Industrial Sentiment measures the confidence level among manufacturers and accounts for 40 percent of the Economic Sentiment Indicator. The industry confidence indicator in the Euro Area increased to -9.9 in May 2024 from an upwardly revised -10.4 in April, but slightly worse than forecasts of -9.4.

What is the productivity of the euro area? ›

Over the first two decades of the currency union, labour productivity (output per worker) in the euro area has been weak, at least when compared to other advanced economies. While productivity grew annually on average by 0.6 percent from 1999 to 2019, the average pace was more than twice as fast in the United States.

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What is the most industrial country in the EU? ›

Among the EU Member States, the highest turnover in manufacturing was recorded in Germany (€2.5 trillion), which represents 30 % of the total EU net turnover in manufacturing sector in 2021.

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What are the industrial yields in Europe? ›

Prime yields continued to rise across most of Europe, with the average prime yield for European logistics assets increasing from 5.03% in Q2 2023 to 5.13% in Q3 2023. This is an increase of 20 bps since Q1 2023 and an increase of 69 bps y/y.

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What country is a leader in European industrial production? ›

Industrial production by country

Germany recorded the highest value of sold production, equivalent to 26 % of the EU total, followed by Italy (19 %), France (11 %), Spain (8 %), Poland (6 %) and the Netherlands (4 %). The other 22 EU Member States contributed with smaller shares (less than 4 %).

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What is euro area inflation rate? ›

Overview. The euro area annual inflation rate was 2.4% in April 2024, stable compared to March 2024. A year earlier, the rate was 7.0%. In the EU, the annual inflation was 2.6% in April 2024, stable compared to March 2024.

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What is the euro area inflation forecast? ›

Inflation in the Euro currency area, which hit a peak of 10.6 percent in October 2022, is set to continue to fall in 2024, as economic forecasts predict that the HICP inflation rate will be between 2.4 percent and 3.3 percent over the year.

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How is euro area inflation calculated? ›

In the Euro Area, inflation is determined by averaging the weighted Harmonised Index of Consumer Prices (HICP). However, the main components contributing to inflation vary in importance.

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Which country in EU has highest inflation? ›

Romania has the highest inflation

January 2024's figures show, the annual inflation ranged from 0.9% to 7.3% in the EU. Romania came in with the highest rate 7.3% among the EU members, followed by Estonia (5%), Croatia (4.8%) and Poland (4.5%).

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What is the euro core inflation rate? ›

Core consumer prices In the Euro Area increased 2.90 percent in May of 2024 over the same month in the previous year. Core Inflation Rate in Euro Area averaged 1.90 percent from 1991 until 2024, reaching an all time high of 5.70 percent in March of 2023 and a record low of 0.20 percent in September of 2020.

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How is inflation measured in the EU? ›

In the euro area, the Harmonised Index of Consumer Prices (HICP) is used to measure consumer price inflation. That means the change over time in the prices of consumer goods and services purchased by euro area households. It is “harmonised” because all the countries in the European Union follow the same methodology.

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What is the current Industrial Production Index? ›

Basic Info. US Industrial Production Index is at a current level of 102.76, up from 102.76 last month and down from 103.15 one year ago.

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What is the industrial productivity index? ›

The Index of Industrial Production (IIP) is an index that indicates the performance of various industrial sectors of the Indian economy. It is calculated and published by the Central Statistical Organisation (CSO) every month.

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What is the HICP index in Europe? ›

The HICP has been developed according to international standards and benefits from the experience of all EU Member States in consumer price statistics. It is the best measure of inflation in the euro area and is well-suited to assess the maintenance of price stability.

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What is the Industrial Production Index in Germany? ›

Germany Industrial Production Index is at a current level of 94.60, down from 94.70 last month and down from 98.40 one year ago. This is a change of -0.11% from last month and -3.86% from one year ago.

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