Currencies

Industrial production up by 1.8% in the euro area and by 1.3% in the EU


Overview

In August 2024, compared with July 2024, seasonally adjusted industrial production increased by 1.8% in the euro area and by 1.3% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In July 2024, industrial production fell by 0.5% in the euro area and by 0.3% in the EU.

In August 2024, compared with August 2023, industrial production increased by 0.1% the euro area and by 0.2% in the EU.

Industrial production

Monthly comparison by main industrial grouping and by Member State

In the euro area in August 2024 compared with July 2024, industrial production

  • decreased by 0.3% for intermediate goods,

  • increased by 0.4% for energy,

  • increased by 3.7% for capital goods,

  • increased by 1.7% for durable consumer goods,

  • increased by 0.2% for non-durable consumer goods.

In the EU, industrial production

  • decreased by 0.2% for intermediate goods,

  • increased by 0.2% for energy,

  • increased by 3.6% for capital goods,

  • increased by 1.4% for durable consumer goods,

  • decreased by 0.4% for non-durable consumer goods.

The highest monthly increases were recorded in Ireland (+4.5%), Germany and Lithuania (both +3.3%) as well as in Malta (+2.7).The largest decreases were observed in Luxembourg (-9.2%), Croatia (-4.6%) and Denmark (-4.5%).

Annual comparison by main industrial grouping and by Member State

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

  • decreased by 2.7% for intermediate goods,

  • increased by 2.6% for energy,

  • increased by 0.2% for capital goods,

  • decreased by 4.8% for durable consumer goods,

  • increased by 2.0% for non-durable consumer goods.

In the EU, industrial production

  • decreased by 2.4% for intermediate goods,

  • increased by 2.2% for energy,

  • increased by 0.2% for capital goods,

  • decreased by 3.9% for durable consumer goods,

  • increased by 3.1% for non-durable consumer goods.

The highest annual increases were recorded in Ireland (+15.8%), Denmark (+10.7%) and Slovenia (+7.2%). The largest decreases were observed in Luxembourg (-11.7%), Estonia (-6.0%) and Hungary (-4.2%).

Industrial production in August 2024

Tables

Industrial production

% change compared with previous month*

2024

Mar

Apr

May

Jun

Jul

Aug

0.7

-0.5

-0.8

0.3

-0.5

1.8

-0.2

-0.3

-0.9

0.6

-1.3

-0.3

-0.1

-0.2

0.7

1.6

-0.2

0.4

0.5

0.2

-2.7

1.1

-1.3

3.7

-0.5

0.1

-2.9

3.7

-3.1

1.7

-2.7

3.6

1.9

-2.3

1.8

0.2

 

 

 

 

 

 

0.2

0.1

-1.1

0.4

-0.3

1.3

-0.3

-0.3

-1.0

0.7

-1.3

-0.2

0.3

-0.1

0.3

1.4

-0.3

0.2

0.3

0.0

-2.6

1.0

-1.4

3.6

-0.5

0.7

-3.0

3.2

-2.6

1.4

-2.6

4.1

1.0

-1.6

2.2

-0.4

Industrial production

% change compared with previous month*

2024

Mar

Apr

May

Jun

Jul

Aug

0.7

-0.5

-0.8

0.3

-0.5

1.8

0.2

0.1

-1.1

0.4

-0.3

1.3

2.9

-0.8

1.9

-6.9

6.4

0.4

-1.0

3.1

-2.5

0.1

0.6

0.8

-1.6

0.7

-2.4

0.8

-0.8

1.7

-2.5

10.7

-6.0

0.9

5.8

-4.5

-0.4

0.4

-3.1

2.0

-3.3

3.3

0.8

-1.4

3.5

-3.4

-4.8

1.7

13.8

-7.6

6.9

-4.8

7.6

4.5

-1.6

7.6

-3.1

1.7

1.8

-4.4

-1.4

-0.3

-0.2

0.3

-0.7

-0.4

-0.2

0.7

-2.2

0.9

0.1

1.4

0.4

0.2

1.5

-2.4

6.3

-4.6

-0.5

-1.0

0.5

0.5

-1.0

0.1

2.2

-1.6

0.7

1.5

-1.6

0.1

-0.5

-4.9

3.5

-2.4

1.3

2.0

4.0

3.9

-1.1

-1.9

1.3

3.3

4.9

-5.7

2.9

-0.1

0.7

-9.2

-3.2

-0.6

-1.2

0.5

0.0

-0.5

3.2

0.7

0.1

0.1

-4.7

2.7

-0.9

0.4

-0.2

0.4

-0.8

2.2

0.0

0.7

-1.8

1.0

0.5

-0.8

-5.1

6.7

-2.6

1.2

-0.4

-0.8

2.9

-2.1

-3.0

-3.7

-0.8

0.2

4.0

-1.8

-6.2

3.8

-3.2

1.2

-2.7

1.3

-3.5

4.2

-2.7

0.3

-1.8

3.5

-1.5

2.1

-2.9

1.4

-4.6

0.5

1.1

3.5

1.9

-0.9

0.1

-3.0

1.4

-1.0

1.0

1.7

3.3

-0.2

0.6

7.6

-3.6

-1.1

0.3

3.3

1.1

-0.6

:

:

Industrial production

% change compared with same month of the previous year*

2024

Mar

Apr

May

Jun

Jul

Aug

-1.3

-3.2

-3.5

-4.2

-2.1

0.1

-2.8

-2.2

-3.3

-1.5

-2.9

-2.7

-2.5

-2.3

0.2

2.0

1.1

2.6

1.6

-5.4

-7.7

-8.4

-4.5

0.2

-7.4

-3.1

-5.2

-2.5

-4.8

-4.8

-7.3

0.4

2.5

0.6

2.3

2.0

 

 

 

 

 

 

-1.2

-2.2

-3.1

-3.4

-1.5

0.2

-2.4

-1.8

-3.1

-1.3

-2.6

-2.4

-2.0

-1.6

0.8

2.4

1.4

2.2

1.3

-5.0

-7.3

-7.6

-4.8

0.2

-6.7

-2.2

-4.9

-2.3

-4.0

-3.9

-5.1

2.6

3.1

1.2

4.0

3.1

Industrial production

% change compared with same month of the previous year*

2024

Mar

Apr

May

Jun

Jul

Aug

-1.3

-3.2

-3.5

-4.2

-2.1

0.1

-1.2

-2.2

-3.1

-3.4

-1.5

0.2

-7.3

0.1

-0.8

-5.4

0.2

4.7

-7.7

-0.4

-4.9

-4.9

-2.6

-2.7

-2.9

-0.1

-3.2

-3.3

-1.9

1.5

4.0

18.6

8.1

3.2

18.0

10.7

-5.1

-3.7

-7.3

-3.8

-5.7

-2.5

-5.7

-4.8

-1.5

-3.2

-5.8

-6.0

38.5

-15.9

6.5

-19.8

9.3

15.8

-0.6

12.4

7.0

9.8

10.1

3.1

-0.3

0.1

0.0

0.7

-0.8

-1.3

0.6

1.5

-3.1

-1.4

-1.3

1.1

-4.8

-2.1

-3.3

-8.2

1.6

-2.1

-3.3

-3.0

-3.3

-2.6

-3.3

-3.2

8.2

3.7

3.2

6.8

2.4

2.7

0.5

-7.8

-0.4

-5.5

1.4

2.1

2.3

2.3

5.0

0.6

5.4

5.4

-0.8

-4.9

-1.3

-0.9

-0.8

-11.7

-2.9

-2.3

-4.9

-3.7

-6.4

-4.2

0.9

4.5

1.0

6.3

-1.5

2.1

-3.8

-1.9

-1.5

-3.5

-3.1

0.9

-4.5

-3.6

-5.8

-3.6

-2.0

-3.3

-3.1

4.7

-0.4

1.1

1.3

-0.5

4.2

5.1

1.0

-2.9

-3.5

-1.9

3.7

3.7

-7.0

0.4

-4.0

-2.1

-4.1

-0.4

-7.6

-1.1

-1.3

7.2

-10.0

4.1

-2.0

-4.2

5.5

0.9

-9.0

-6.4

-5.8

2.7

6.1

2.7

2.3

-4.1

-1.7

2.9

-1.1

0.0

4.5

3.5

5.9

14.9

10.0

5.9

-2.6

8.1

8.7

5.6

:

:

Production indices for total industry, calendar and seasonally adjusted

(base year 2021)

2024

Mar

Apr

May

Jun

Jul

Aug

98.1

97.6

96.8

97.1

96.6

98.3

99.3

99.4

98.3

98.7

98.4

99.7

91.9

91.2

92.9

86.5

92.0

92.4

98.5

101.6

99.1

99.2

99.8

100.6

100.1

100.8

98.4

99.2

98.4

100.1

126.0

139.5

131.1

132.3

140.0

133.7

94.5

94.9

92.0

93.8

90.7

93.7

86.8

85.6

88.6

85.6

81.5

82.9

107.0

98.9

105.7

100.6

108.2

113.1

106.5

114.6

111.0

112.9

114.9

109.9

101.4

101.1

100.9

101.2

100.5

100.1

100.5

101.2

99.0

99.9

100.0

101.4

96.7

96.9

98.4

96.0

102.0

97.3

95.4

94.4

94.9

95.4

94.4

94.5

108.9

107.2

107.9

109.5

107.7

107.8

96.2

91.5

94.7

92.4

93.6

95.5

103.3

107.3

106.1

104.1

105.5

109.0

94.1

88.7

91.3

91.2

91.8

83.4

97.9

97.3

96.1

96.6

96.6

96.1

110.8

111.6

111.7

111.8

106.5

109.4

100.6

101.0

100.8

101.2

100.4

102.6

101.8

102.5

100.7

101.7

102.2

101.4

105.2

112.3

109.4

110.7

110.3

109.4

103.5

101.3

98.3

94.7

93.9

94.1

103.0

101.1

94.8

98.4

95.3

96.4

94.2

95.4

92.1

96.0

93.4

93.7

95.9

99.3

97.8

99.9

97.0

98.4

97.2

97.7

98.8

102.3

104.2

103.3

102.2

99.1

100.5

99.5

100.5

102.2

104.9

104.7

105.3

113.3

109.2

108.0

107.3

110.8

112.0

111.3

:

:

Production indices for total industry, calendar adjusted

(base year 2021)

2024

Mar

Apr

May

Jun

Jul

Aug

104.4

96.5

95.4

98.8

97.4

82.5

106.0

98.2

97.0

100.5

97.6

85.0

100.1

87.3

92.0

90.7

86.3

84.4

101.8

98.8

94.8

101.3

103.1

98.9

107.9

100.3

99.8

104.2

88.2

93.4

134.0

136.0

129.9

133.0

126.7

128.4

102.9

93.6

90.0

95.4

90.6

86.3

93.0

86.0

93.1

85.9

72.5

81.1

91.0

98.3

87.3

88.6

105.1

85.8

108.2

114.2

111.7

117.5

127.9

103.5

107.6

101.5

106.3

106.5

105.4

78.1

109.2

100.9

93.9

103.8

98.4

80.0

103.3

96.6

101.5

98.0

109.0

84.6

105.8

93.1

101.9

99.7

103.8

64.0

109.7

104.4

111.9

116.9

121.6

90.8

96.8

88.9

97.6

96.3

93.4

101.1

105.8

103.8

108.8

104.2

101.8

108.8

104.0

90.6

90.8

92.8

90.9

71.2

105.4

95.8

97.2

100.2

95.3

84.8

116.0

109.7

114.9

117.0

112.8

104.4

107.6

99.4

100.5

104.4

98.4

93.4

111.7

101.7

99.3

105.2

101.9

89.9

115.2

111.2

107.8

111.7

105.5

102.2

110.0

99.4

101.9

94.9

100.2

79.4

108.7

99.2

97.7

100.5

96.4

87.9

103.6

95.4

95.8

101.0

93.7

79.1

100.9

100.0

102.8

101.0

88.6

90.7

101.2

95.5

97.3

103.8

91.7

100.7

116.3

100.0

99.9

103.1

78.7

87.8

112.2

103.5

100.9

102.4

106.4

105.9

117.2

105.7

111.7

117.9

:

:

Notes for users

Revisions and timetable

Compared with data issued in the News Release of 13 September 2024, the monthly percentage change for July 2024 has been revised from -0.3% to -0.5% in the euro area and from -0.1% to -0.3% in the EU. The annual percentage change has been revised from -2.2% to -2.1% in the euro area and from -1.7% to -1.5% 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.

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