Euro indicators 15 October 2024 Next release: 14 November 2024
August 2024 compared with July 2024

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

Up by 0.1% in the euro area and by 0.2% in the EU compared with August 2023

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.

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%).

Tables

Industrial production

% change compared with previous month*

2024

Mar

Apr

May

Jun

Jul

Aug

Euro area

Total industry

0.7

-0.5

-0.8

0.3

-0.5

1.8

Intermediate goods

-0.2

-0.3

-0.9

0.6

-1.3

-0.3

Energy

-0.1

-0.2

0.7

1.6

-0.2

0.4

Capital goods

0.5

0.2

-2.7

1.1

-1.3

3.7

Durable consumer goods

-0.5

0.1

-2.9

3.7

-3.1

1.7

Non-durable consumer goods

-2.7

3.6

1.9

-2.3

1.8

0.2

EU

 

 

 

 

 

 

Total industry

0.2

0.1

-1.1

0.4

-0.3

1.3

Intermediate goods

-0.3

-0.3

-1.0

0.7

-1.3

-0.2

Energy

0.3

-0.1

0.3

1.4

-0.3

0.2

Capital goods

0.3

0.0

-2.6

1.0

-1.4

3.6

Durable consumer goods

-0.5

0.7

-3.0

3.2

-2.6

1.4

Non-durable consumer goods

-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

Euro area

0.7

-0.5

-0.8

0.3

-0.5

1.8

EU

0.2

0.1

-1.1

0.4

-0.3

1.3

Belgium

2.9

-0.8

1.9

-6.9

6.4

0.4

Bulgaria

-1.0

3.1

-2.5

0.1

0.6

0.8

Czechia

-1.6

0.7

-2.4

0.8

-0.8

1.7

Denmark

-2.5

10.7

-6.0

0.9

5.8

-4.5

Germany

-0.4

0.4

-3.1

2.0

-3.3

3.3

Estonia

0.8

-1.4

3.5

-3.4

-4.8

1.7

Ireland**

13.8

-7.6

6.9

-4.8

7.6

4.5

Greece

-1.6

7.6

-3.1

1.7

1.8

-4.4

Spain

-1.4

-0.3

-0.2

0.3

-0.7

-0.4

France

-0.2

0.7

-2.2

0.9

0.1

1.4

Croatia

0.4

0.2

1.5

-2.4

6.3

-4.6

Italy

-0.5

-1.0

0.5

0.5

-1.0

0.1

Cyprus

2.2

-1.6

0.7

1.5

-1.6

0.1

Latvia

-0.5

-4.9

3.5

-2.4

1.3

2.0

Lithuania

4.0

3.9

-1.1

-1.9

1.3

3.3

Luxembourg

4.9

-5.7

2.9

-0.1

0.7

-9.2

Hungary

-3.2

-0.6

-1.2

0.5

0.0

-0.5

Malta

3.2

0.7

0.1

0.1

-4.7

2.7

Netherlands

-0.9

0.4

-0.2

0.4

-0.8

2.2

Austria

0.0

0.7

-1.8

1.0

0.5

-0.8

Poland

-5.1

6.7

-2.6

1.2

-0.4

-0.8

Portugal

2.9

-2.1

-3.0

-3.7

-0.8

0.2

Romania

4.0

-1.8

-6.2

3.8

-3.2

1.2

Slovenia

-2.7

1.3

-3.5

4.2

-2.7

0.3

Slovakia

-1.8

3.5

-1.5

2.1

-2.9

1.4

Finland

-4.6

0.5

1.1

3.5

1.9

-0.9

Sweden

0.1

-3.0

1.4

-1.0

1.0

1.7

Norway

3.3

-0.2

0.6

7.6

-3.6

-1.1

Switzerland

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

Euro area

Total industry

-1.3

-3.2

-3.5

-4.2

-2.1

0.1

Intermediate goods

-2.8

-2.2

-3.3

-1.5

-2.9

-2.7

Energy

-2.5

-2.3

0.2

2.0

1.1

2.6

Capital goods

1.6

-5.4

-7.7

-8.4

-4.5

0.2

Durable consumer goods

-7.4

-3.1

-5.2

-2.5

-4.8

-4.8

Non-durable consumer goods

-7.3

0.4

2.5

0.6

2.3

2.0

EU

 

 

 

 

 

 

Total industry

-1.2

-2.2

-3.1

-3.4

-1.5

0.2

Intermediate goods

-2.4

-1.8

-3.1

-1.3

-2.6

-2.4

Energy

-2.0

-1.6

0.8

2.4

1.4

2.2

Capital goods

1.3

-5.0

-7.3

-7.6

-4.8

0.2

Durable consumer goods

-6.7

-2.2

-4.9

-2.3

-4.0

-3.9

Non-durable consumer goods

-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

Euro area

-1.3

-3.2

-3.5

-4.2

-2.1

0.1

EU

-1.2

-2.2

-3.1

-3.4

-1.5

0.2

Belgium

-7.3

0.1

-0.8

-5.4

0.2

4.7

Bulgaria

-7.7

-0.4

-4.9

-4.9

-2.6

-2.7

Czechia

-2.9

-0.1

-3.2

-3.3

-1.9

1.5

Denmark

4.0

18.6

8.1

3.2

18.0

10.7

Germany

-5.1

-3.7

-7.3

-3.8

-5.7

-2.5

Estonia

-5.7

-4.8

-1.5

-3.2

-5.8

-6.0

Ireland

38.5

-15.9

6.5

-19.8

9.3

15.8

Greece

-0.6

12.4

7.0

9.8

10.1

3.1

Spain

-0.3

0.1

0.0

0.7

-0.8

-1.3

France

0.6

1.5

-3.1

-1.4

-1.3

1.1

Croatia

-4.8

-2.1

-3.3

-8.2

1.6

-2.1

Italy

-3.3

-3.0

-3.3

-2.6

-3.3

-3.2

Cyprus

8.2

3.7

3.2

6.8

2.4

2.7

Latvia

0.5

-7.8

-0.4

-5.5

1.4

2.1

Lithuania

2.3

2.3

5.0

0.6

5.4

5.4

Luxembourg

-0.8

-4.9

-1.3

-0.9

-0.8

-11.7

Hungary

-2.9

-2.3

-4.9

-3.7

-6.4

-4.2

Malta

0.9

4.5

1.0

6.3

-1.5

2.1

Netherlands

-3.8

-1.9

-1.5

-3.5

-3.1

0.9

Austria

-4.5

-3.6

-5.8

-3.6

-2.0

-3.3

Poland

-3.1

4.7

-0.4

1.1

1.3

-0.5

Portugal

4.2

5.1

1.0

-2.9

-3.5

-1.9

Romania

3.7

3.7

-7.0

0.4

-4.0

-2.1

Slovenia

-4.1

-0.4

-7.6

-1.1

-1.3

7.2

Slovakia

-10.0

4.1

-2.0

-4.2

5.5

0.9

Finland

-9.0

-6.4

-5.8

2.7

6.1

2.7

Sweden

2.3

-4.1

-1.7

2.9

-1.1

0.0

Norway

4.5

3.5

5.9

14.9

10.0

5.9

Switzerland

-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

Euro area

98.1

97.6

96.8

97.1

96.6

98.3

EU

99.3

99.4

98.3

98.7

98.4

99.7

Belgium

91.9

91.2

92.9

86.5

92.0

92.4

Bulgaria

98.5

101.6

99.1

99.2

99.8

100.6

Czechia

100.1

100.8

98.4

99.2

98.4

100.1

Denmark

126.0

139.5

131.1

132.3

140.0

133.7

Germany

94.5

94.9

92.0

93.8

90.7

93.7

Estonia

86.8

85.6

88.6

85.6

81.5

82.9

Ireland*

107.0

98.9

105.7

100.6

108.2

113.1

Greece

106.5

114.6

111.0

112.9

114.9

109.9

Spain

101.4

101.1

100.9

101.2

100.5

100.1

France

100.5

101.2

99.0

99.9

100.0

101.4

Croatia

96.7

96.9

98.4

96.0

102.0

97.3

Italy

95.4

94.4

94.9

95.4

94.4

94.5

Cyprus

108.9

107.2

107.9

109.5

107.7

107.8

Latvia

96.2

91.5

94.7

92.4

93.6

95.5

Lithuania

103.3

107.3

106.1

104.1

105.5

109.0

Luxembourg

94.1

88.7

91.3

91.2

91.8

83.4

Hungary

97.9

97.3

96.1

96.6

96.6

96.1

Malta

110.8

111.6

111.7

111.8

106.5

109.4

Netherlands

100.6

101.0

100.8

101.2

100.4

102.6

Austria

101.8

102.5

100.7

101.7

102.2

101.4

Poland

105.2

112.3

109.4

110.7

110.3

109.4

Portugal

103.5

101.3

98.3

94.7

93.9

94.1

Romania

103.0

101.1

94.8

98.4

95.3

96.4

Slovenia

94.2

95.4

92.1

96.0

93.4

93.7

Slovakia

95.9

99.3

97.8

99.9

97.0

98.4

Finland

97.2

97.7

98.8

102.3

104.2

103.3

Sweden

102.2

99.1

100.5

99.5

100.5

102.2

Norway

104.9

104.7

105.3

113.3

109.2

108.0

Switzerland

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

Euro area

104.4

96.5

95.4

98.8

97.4

82.5

EU

106.0

98.2

97.0

100.5

97.6

85.0

Belgium

100.1

87.3

92.0

90.7

86.3

84.4

Bulgaria

101.8

98.8

94.8

101.3

103.1

98.9

Czechia

107.9

100.3

99.8

104.2

88.2

93.4

Denmark

134.0

136.0

129.9

133.0

126.7

128.4

Germany

102.9

93.6

90.0

95.4

90.6

86.3

Estonia

93.0

86.0

93.1

85.9

72.5

81.1

Ireland

91.0

98.3

87.3

88.6

105.1

85.8

Greece

108.2

114.2

111.7

117.5

127.9

103.5

Spain

107.6

101.5

106.3

106.5

105.4

78.1

France

109.2

100.9

93.9

103.8

98.4

80.0

Croatia

103.3

96.6

101.5

98.0

109.0

84.6

Italy

105.8

93.1

101.9

99.7

103.8

64.0

Cyprus

109.7

104.4

111.9

116.9

121.6

90.8

Latvia

96.8

88.9

97.6

96.3

93.4

101.1

Lithuania

105.8

103.8

108.8

104.2

101.8

108.8

Luxembourg

104.0

90.6

90.8

92.8

90.9

71.2

Hungary

105.4

95.8

97.2

100.2

95.3

84.8

Malta

116.0

109.7

114.9

117.0

112.8

104.4

Netherlands

107.6

99.4

100.5

104.4

98.4

93.4

Austria

111.7

101.7

99.3

105.2

101.9

89.9

Poland

115.2

111.2

107.8

111.7

105.5

102.2

Portugal

110.0

99.4

101.9

94.9

100.2

79.4

Romania

108.7

99.2

97.7

100.5

96.4

87.9

Slovenia

103.6

95.4

95.8

101.0

93.7

79.1

Slovakia

100.9

100.0

102.8

101.0

88.6

90.7

Finland

101.2

95.5

97.3

103.8

91.7

100.7

Sweden

116.3

100.0

99.9

103.1

78.7

87.8

Norway

112.2

103.5

100.9

102.4

106.4

105.9

Switzerland

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.

For more information

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