Industrial production down by 0.6% in the euro area and by 0.8% in the EU (2024)

Euro indicators 15 July 2024 Next release: 14 August 2024

May 2024 compared with April 2024

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Down by 2.9% in the euro area and by 2.5% in the EU compared with May 2023

Overview

In May 2024, compared with April 2024, seasonally adjusted industrial production decreased by 0.6% in the euro area and by 0.8% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In April 2024, industrial production remained unchanged in the euro area and grew by 0.5% in the EU.

In May 2024, compared with May 2023, industrial production decreased by 2.9% in the euro area and by 2.5% in the EU.

Monthly comparison by main industrial grouping and by Member State

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

decreased by 1.0% for intermediate goods,
increased by 0.8% for energy,
decreased by 1.2% for capital goods,
decreased by 1.8% for durable consumer goods,
increased by 1.6% for non-durable consumer goods.

In the EU, industrial production

decreased by 1.0% for intermediate goods,
increased by 0.4% for energy,
decreased by 1.2% for capital goods,
decreased by 2.1% for durable consumer goods,
increased by 0.8% for non-durable consumer goods.

The largest monthly decreases were recorded in Slovenia (-7.3%), Romania (-6.2%) and Denmark (-4.9%). The highest increases were observed in Ireland (+6.7%), Luxembourg (+3.9%) and Estonia (+3.8%).

Annual comparison by main industrial grouping and by Member State

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

decreased by 3.5% for intermediate goods,
increased by 0.7% for energy,
decreased by 6.5% for capital goods,
decreased by 4.2% for durable consumer goods,
increased by 2.8% for non-durable consumer goods.

In the EU, industrial production

decreased by 3.1% for intermediate goods,
increased by 1.2% for energy,
decreased by 6.3% for capital goods,
decreased by 4.1% for durable consumer goods,
increased by 3.3% for non-durable consumer goods.

The largest annual decreases were recorded in Romania (-6.9%), Germany (-6.6%) and Bulgaria (-6.3%). The highest increases were observed in Denmark (+9.6%), Ireland (+8.7%) and Greece (+6.8%).

Tables

Industrial production % change compared with previous month*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area
Total industry	1.5	-2.2	0.0	0.5	0.0	-0.6
Intermediate goods	-1.4	2.2	0.4	-0.3	-0.3	-1.0
Energy	0.3	1.1	-3.2	-0.1	-0.2	0.8
Capital goods	11.4	-15.4	1.9	0.9	0.7	-1.2
Durable consumer goods	0.1	-1.4	1.2	-0.6	0.4	-1.8
Non-durable consumer goods	-0.4	-0.4	-0.4	-2.7	3.6	1.6
EU
Total industry	1.3	-2.0	0.2	0.0	0.5	-0.8
Intermediate goods	-0.8	1.4	0.8	-0.3	-0.3	-1.0
Energy	0.5	0.8	-3.3	0.2	0.0	0.4
Capital goods	10.3	-13.7	1.7	0.6	0.5	-1.2
Durable consumer goods	0.3	-1.3	1.4	-0.6	0.9	-2.1
Non-durable consumer goods	-0.4	-0.5	-0.1	-2.6	4.0	0.8
* Calendar and seasonally adjusted Source dataset: sts_inpr_m

Industrial production % change compared with previous month*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	1.5	-2.2	0.0	0.5	0.0	-0.6
EU	1.3	-2.0	0.2	0.0	0.5	-0.8
Belgium	5.2	-3.4	0.2	3.7	0.3	2.5
Bulgaria	4.0	-4.1	0.2	-0.4	2.8	-3.4
Czechia	3.0	-3.1	2.1	-1.7	0.6	-2.2
Denmark	-0.5	-0.9	1.2	-2.5	10.5	-4.9
Germany	-2.1	1.0	0.7	-0.3	0.4	-2.4
Estonia	5.1	-8.3	2.4	1.2	-1.6	3.8
Ireland**	20.1	-20.0	-5.0	10.7	-3.3	6.7
Greece	0.9	3.5	-1.8	-1.6	7.5	-3.1
Spain	-1.0	1.0	1.2	-1.3	-0.1	-0.2
France	0.3	-1.2	0.4	-0.2	0.6	-2.1
Croatia	-4.2	-0.3	-2.5	0.5	0.0	2.5
Italy	1.2	-1.5	0.0	-0.5	-1.0	0.5
Cyprus	0.6	-0.5	0.7	2.2	-1.7	1.9
Latvia	1.2	-1.5	2.2	-0.7	-4.8	3.1
Lithuania	-2.6	3.9	-2.8	4.0	3.9	-1.3
Luxembourg	1.2	-2.4	-1.1	4.7	-6.3	3.9
Hungary	0.4	-0.9	3.4	-3.2	-0.7	-1.0
Malta	5.5	-9.2	3.1	2.4	0.6	1.3
Netherlands	3.3	-2.6	1.0	-0.9	0.5	-0.4
Austria	2.2	-1.9	-0.2	0.3	0.5	-2.1
Poland	0.2	0.5	0.0	-5.1	6.7	-2.6
Portugal	-1.9	3.0	0.6	2.9	-2.1	-3.3
Romania	1.6	-3.4	3.3	4.0	-1.8	-6.2
Slovenia	-8.8	8.8	3.2	-6.3	10.0	-7.3
Slovakia	3.3	-2.4	1.3	-1.5	2.4	-1.4
Finland	-3.1	3.5	-0.2	-4.7	0.4	1.1
Sweden	1.1	-0.4	-0.7	0.5	-2.6	1.4
Norway	1.4	1.8	-4.3	3.8	-0.5	0.2
Switzerland	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*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area
Total industry	0.2	-6.5	-6.3	-1.2	-3.1	-2.9
Intermediate goods	-3.6	-3.1	-2.8	-2.8	-2.1	-3.5
Energy	-1.9	0.7	-3.4	-2.1	-1.9	0.7
Capital goods	4.6	-10.9	-9.1	1.7	-5.2	-6.5
Durable consumer goods	-3.0	-7.6	-4.2	-7.7	-3.1	-4.2
Non-durable consumer goods	-5.2	-3.7	-5.0	-7.2	0.6	2.8
EU
Total industry	0.3	-5.4	-5.2	-1.1	-2.1	-2.5
Intermediate goods	-3.7	-3.6	-2.7	-2.5	-1.8	-3.1
Energy	-1.0	0.9	-3.3	-1.6	-1.3	1.2
Capital goods	4.3	-9.3	-7.9	1.3	-4.8	-6.3
Durable consumer goods	-4.2	-7.6	-4.1	-6.9	-2.3	-4.1
Non-durable consumer goods	-2.9	-1.6	-3.4	-5.0	2.8	3.3
* Calendar adjusted Source dataset: sts_inpr_m

Industrial production % change compared with same month of the previous year*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	0.2	-6.5	-6.3	-1.2	-3.1	-2.9
EU	0.3	-5.4	-5.2	-1.1	-2.1	-2.5
Belgium	-5.1	-4.1	-7.8	-5.9	2.8	2.6
Bulgaria	-5.4	-9.2	-8.0	-7.7	-0.3	-6.3
Czechia	-0.3	-0.3	0.7	-2.9	-0.4	-3.2
Denmark	8.6	8.4	4.6	4.0	18.4	9.6
Germany	-4.5	-5.1	-6.4	-5.0	-3.7	-6.6
Estonia	-3.4	-10.2	-5.3	-5.6	-4.8	-1.3
Ireland	36.0	-32.1	-35.9	38.5	-15.9	8.7
Greece	4.6	10.4	1.9	-0.6	11.8	6.8
Spain	-2.0	0.4	3.7	-0.3	0.3	0.2
France	0.7	0.9	-0.6	0.6	1.2	-3.2
Croatia	-1.0	-1.4	-5.2	-5.0	-2.0	-3.3
Italy	-1.5	-3.7	-3.4	-3.3	-3.0	-3.3
Cyprus	2.6	1.9	2.2	8.1	2.9	5.0
Latvia	-1.3	-2.6	1.1	0.5	-7.8	-0.9
Lithuania	-5.1	-0.3	-1.0	2.3	2.3	4.7
Luxembourg	-1.6	-4.2	-7.9	-0.9	-5.5	-1.1
Hungary	-7.4	-3.6	1.8	-3.1	-2.5	-4.9
Malta	8.2	-4.9	-3.6	-0.2	3.1	1.2
Netherlands	-1.3	-2.5	-1.1	-3.8	-1.9	-1.6
Austria	-1.4	-4.7	-6.0	-4.5	-3.5	-6.2
Poland	-0.5	1.0	1.2	-3.1	4.7	-0.4
Portugal	-5.2	-1.7	1.0	4.2	5.1	0.6
Romania	1.0	-4.1	-1.7	3.7	3.7	-6.9
Slovenia	-11.0	-3.6	2.6	-7.4	12.9	-5.0
Slovakia	4.9	3.5	0.1	-6.9	6.2	0.0
Finland	-7.6	-1.0	1.5	-9.1	-6.4	-5.3
Sweden	2.7	-1.6	-2.7	2.7	-3.5	-0.7
Norway	7.7	8.3	1.7	4.6	3.5	5.9
Switzerland	-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)
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	99.5	97.3	97.3	97.8	97.8	97.2
EU	100.8	98.8	99.0	99.0	99.5	98.7
Belgium	93.1	89.9	90.1	93.4	93.7	96.0
Bulgaria	102.8	98.6	98.8	98.4	101.2	97.8
Czechia	102.8	99.6	101.7	100.0	100.6	98.4
Denmark	129.0	127.8	129.3	126.1	139.3	132.5
Germany	93.3	94.2	94.9	94.6	95.0	92.7
Estonia	92.0	84.4	86.4	87.4	86.0	89.3
Ireland*	122.9	98.3	93.4	103.4	100.0	106.7
Greece	106.4	110.1	108.1	106.4	114.4	110.9
Spain	100.7	101.7	102.9	101.6	101.5	101.3
France	101.3	100.1	100.5	100.3	100.9	98.8
Croatia	98.9	98.6	96.1	96.6	96.6	99.0
Italy	97.4	95.9	95.9	95.4	94.4	94.9
Cyprus	106.5	106.0	106.7	109.1	107.2	109.2
Latvia	96.1	94.7	96.8	96.1	91.5	94.3
Lithuania	98.4	102.2	99.3	103.3	107.3	105.9
Luxembourg	93.0	90.8	89.8	94.0	88.1	91.5
Hungary	98.7	97.8	101.1	97.9	97.2	96.2
Malta	114.9	104.3	107.5	110.1	110.8	112.2
Netherlands	103.2	100.5	101.5	100.6	101.1	100.7
Austria	102.6	100.7	100.5	100.8	101.3	99.2
Poland	110.3	110.8	110.8	105.2	112.3	109.4
Portugal	97.1	100.0	100.6	103.5	101.3	98.0
Romania	99.2	95.8	99.0	103.0	101.1	94.8
Slovenia	89.0	96.8	99.9	93.6	103.0	95.5
Slovakia	99.1	96.7	98.0	96.5	98.8	97.4
Finland	97.9	101.3	101.1	96.3	96.7	97.8
Sweden	103.1	102.7	102.0	102.5	99.8	101.2
Norway	103.4	105.3	100.8	104.6	104.1	104.3
Switzerland	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)
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	95.1	94.2	94.6	104.4	96.5	95.9
EU	96.8	95.7	96.3	106.1	98.3	97.5
Belgium	91.5	86.5	86.6	101.6	89.6	95.1
Bulgaria	105.4	93.7	93.6	101.5	98.5	93.2
Czechia	95.3	95.8	98.1	107.9	100.0	99.8
Denmark	133.8	129.3	124.8	134.0	135.8	131.7
Germany	89.3	88.0	92.8	103.0	93.6	90.7
Estonia	88.4	80.9	81.5	93.1	86.0	93.3
Ireland	116.8	105.1	71.9	91.0	98.3	89.1
Greece	106.7	100.6	106.0	108.1	113.6	111.5
Spain	92.3	100.2	104.9	107.6	101.7	106.5
France	102.7	103.3	100.4	109.0	100.5	93.7
Croatia	95.1	90.2	93.0	103.2	96.6	101.5
Italy	86.1	90.6	98.6	105.8	93.1	101.9
Cyprus	107.0	97.4	101.0	109.6	103.7	113.8
Latvia	102.1	74.5	83.5	96.8	88.9	97.1
Lithuania	98.7	98.3	93.7	105.8	103.8	108.5
Luxembourg	86.0	86.5	88.9	103.9	90.1	91.0
Hungary	89.5	92.7	102.3	105.5	95.5	97.3
Malta	101.5	99.2	101.4	114.8	108.4	115.1
Netherlands	104.1	98.0	97.8	107.6	99.4	100.4
Austria	102.8	91.2	96.2	110.4	100.6	97.9
Poland	106.6	106.1	107.5	115.2	111.2	107.8
Portugal	89.0	101.6	98.0	110.0	99.4	101.5
Romania	94.5	91.3	94.9	108.7	99.2	97.8
Slovenia	80.1	92.9	97.0	103.2	101.8	99.4
Slovakia	87.6	96.6	100.1	100.9	99.9	102.8
Finland	107.4	99.2	95.7	101.1	95.5	97.8
Sweden	105.8	101.0	101.7	116.8	100.6	100.9
Norway	109.9	115.9	100.4	112.2	103.5	100.9
Switzerland	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 13 June 2024, the monthly percentage change for April 2024 has been revised from -0.1% to 0.0% in the euro area and remained unchanged at +0.5% in the EU. The annual percentage change has been revised from -3.0% to -3.1% in the euro area and from -2.0% to -2.1% 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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