Industrial production down by 0.3% in the euro area and by 0.1% in the EU

Overview

In July 2024, compared with June 2024, seasonally adjusted industrial production decreased by 0.3% in the euro area and by 0.1% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In June 2024, industrial production remained unchanged in the euro area and grew by 0.1% in the EU.

In July 2024 compared with July 2023, industrial production decreased by 2.2% the euro area and by 1.7% in the EU.

Industrial production

Monthly comparison by main industrial grouping and by Member State

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

decreased by 1.3% for intermediate goods,
increased by 0.3% for energy,
decreased by 1.6% for capital goods,
decreased by 2.8% for durable consumer goods,
increased by 1.8% for non-durable consumer goods.

In the EU, industrial production

decreased by 1.3% for intermediate goods,
increased by 0.4% for energy,
decreased by 1.7% for capital goods,
decreased by 2.2% for durable consumer goods,
increased by 2.1% for non-durable consumer goods.

The largest monthly decreases were recorded in Malta (-5.5%), Estonia (-4.8%) and Romania (-3.4%). The highest increases were observed in Ireland (+9.2%), Croatia (+8.0%) and Belgium (+7.3%).

Annual comparison by main industrial grouping and by Member State

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

decreased by 2.9% for intermediate goods,
increased by 1.7% for energy,
decreased by 5.3% for capital goods,
decreased by 4.4% for durable consumer goods,
increased by 2.2% for non-durable consumer goods.

In the EU, industrial production

decreased by 2.7% for intermediate goods,
increased by 2.3% for energy,
decreased by 5.4% for capital goods,
decreased by 3.5% for durable consumer goods,
increased by 3.9% for non-durable consumer goods.

The largest annual decreases were recorded in Hungary (-6.4%), Estonia (-5.8%) and Germany (-5.5%). The highest increases were observed in Denmark (+19.8%), Greece (+10.8%) and Finland (+6.4%).

Industrial production in July 2024

Tables

Industrial production % change compared with previous month*
	Feb-24	Mar-24	Apr-24	May-24	Jun-24	Jul-24
Euro area
Total industry	0.1	0.5	-0.2	-0.9	0.0	-0.3
Intermediate goods	0.3	-0.2	-0.4	-0.8	0.6	-1.3
Energy	-3.0	-0.1	-0.2	0.6	1.7	0.3
Capital goods	1.3	0.5	0.1	-2.7	1.0	-1.6
Durable consumer goods	1.1	-0.5	0.0	-2.9	3.8	-2.8
Non-durable consumer goods	-0.3	-2.6	3.5	1.8	-2.3	1.8
EU
Total industry	0.2	0.0	0.4	-1.2	0.1	-0.1
Intermediate goods	0.8	-0.3	-0.3	-1.0	0.7	-1.3
Energy	-3.2	0.3	-0.1	0.3	1.3	0.4
Capital goods	1.1	0.3	-0.1	-2.6	0.9	-1.7
Durable consumer goods	1.4	-0.6	0.7	-3.0	3.2	-2.2
Non-durable consumer goods	0.0	-2.5	4.0	1.0	-1.6	2.1
* Calendar and seasonally adjusted Source dataset: sts_inpr_m

Industrial production % change compared with previous month*
	Feb-24	Mar-24	Apr-24	May-24	Jun-24	Jul-24
Euro area	0.1	0.5	-0.2	-0.9	0.0	-0.3
EU	0.2	0.0	0.4	-1.2	0.1	-0.1
Belgium	-0.7	2.9	-0.8	1.8	-7.0	7.3
Bulgaria	0.4	-1.0	3.1	-2.5	0.1	0.5
Czechia	2.1	-1.6	0.6	-2.3	0.8	-0.9
Denmark	1.3	-2.3	10.9	-5.9	0.5	7.0
Germany	0.9	-0.4	0.4	-3.1	2.0	-3.0
Estonia	2.3	0.8	-1.4	3.5	-3.4	-4.8
Ireland**	-4.9	10.7	-3.2	4.7	-7.8	9.2
Greece	-1.7	-1.5	7.5	-2.7	1.6	2.3
Spain	1.2	-1.3	-0.2	-0.2	0.3	-0.7
France	0.4	-0.2	0.6	-2.2	0.8	-0.5
Croatia	-2.5	0.5	0.0	2.5	-3.7	8.0
Italy	0.0	-0.4	-1.2	0.5	0.5	-0.9
Cyprus	0.7	2.4	-1.6	1.6	1.7	-1.6
Latvia	2.1	-0.7	-4.9	3.3	-2.4	0.9
Lithuania	-2.8	4.0	3.9	-1.1	-1.9	0.7
Luxembourg	-1.1	4.9	-5.7	2.8	0.1	0.7
Hungary	3.3	-3.2	-0.6	-1.2	0.5	0.0
Malta	2.9	3.0	0.6	0.1	0.5	-5.5
Netherlands	1.0	-0.9	0.4	-0.2	0.4	-1.2
Austria	-0.4	0.1	0.7	-1.7	1.1	1.6
Poland	0.0	-5.1	6.7	-2.6	1.2	-0.4
Portugal	0.6	2.9	-2.1	-3.0	-3.6	-1.1
Romania	3.3	4.0	-1.8	-6.2	3.8	-3.4
Slovenia	2.5	-2.6	1.2	-3.4	4.2	-1.7
Slovakia	1.4	-2.0	2.8	-1.7	2.2	-2.4
Finland	-0.1	-4.6	0.5	1.1	3.5	2.0
Sweden	-0.7	0.4	-3.1	1.4	-0.9	0.9
Norway	-3.8	3.3	-0.2	0.7	7.7	-3.8
Switzerland	0.6	0.3	3.3	1.1	-0.6	:
* 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*
	Feb-24	Mar-24	Apr-24	May-24	Jun-24	Jul-24
Euro area
Total industry	-6.4	-1.3	-3.3	-3.5	-4.1	-2.2
Intermediate goods	-2.9	-2.7	-2.1	-3.3	-1.5	-2.9
Energy	-3.7	-2.5	-2.3	0.2	2.0	1.7
Capital goods	-9.2	1.5	-5.4	-7.7	-8.5	-5.3
Durable consumer goods	-4.0	-7.4	-3.1	-5.1	-2.5	-4.4
Non-durable consumer goods	-5.1	-7.3	0.4	2.5	0.5	2.2
EU
Total industry	-5.4	-1.2	-2.2	-3.1	-3.5	-1.7
Intermediate goods	-2.6	-2.4	-1.8	-3.1	-1.3	-2.7
Energy	-3.6	-2.0	-1.6	0.8	2.4	2.3
Capital goods	-7.9	1.2	-5.0	-7.4	-7.7	-5.4
Durable consumer goods	-4.0	-6.7	-2.2	-4.9	-2.3	-3.5
Non-durable consumer goods	-3.5	-5.1	2.5	3.1	1.1	3.9
* Calendar adjusted Source dataset: sts_inpr_m

Industrial production % change compared with same month of the previous year*
	Feb-24	Mar-24	Apr-24	May-24	Jun-24	Jul-24
Euro area	-6.4	-1.3	-3.3	-3.5	-4.1	-2.2
EU	-5.4	-1.2	-2.2	-3.1	-3.5	-1.7
Belgium	-8.3	-7.3	0.1	-0.8	-5.6	1.0
Bulgaria	-7.8	-7.7	-0.4	-4.9	-4.9	-2.5
Czechia	0.7	-2.9	-0.1	-3.2	-3.3	-2.0
Denmark	4.6	4.0	18.6	8.1	2.9	19.8
Germany	-6.5	-5.1	-3.7	-7.3	-3.8	-5.5
Estonia	-5.3	-5.7	-4.8	-1.5	-3.0	-5.8
Ireland	-35.9	38.5	-15.9	6.5	-19.8	5.9
Greece	1.9	-0.6	12.1	7.3	9.9	10.8
Spain	3.7	-0.3	0.1	0.0	0.6	-0.9
France	-0.6	0.6	1.4	-3.2	-1.6	-2.3
Croatia	-5.2	-5.0	-2.0	-3.3	-8.3	1.7
Italy	-3.4	-3.3	-3.0	-3.3	-2.6	-3.3
Cyprus	2.2	8.4	3.3	4.8	8.7	4.0
Latvia	1.1	0.5	-7.9	-0.5	-5.5	1.4
Lithuania	-1.0	2.3	2.3	5.0	0.6	4.7
Luxembourg	-7.9	-0.8	-4.9	-1.3	-0.7	-0.7
Hungary	1.8	-2.9	-2.2	-4.9	-3.7	-6.4
Malta	-3.5	0.8	4.3	0.8	6.6	-2.2
Netherlands	-1.1	-3.8	-1.9	-1.5	-3.5	-3.3
Austria	-5.6	-4.5	-3.6	-5.7	-3.6	-0.5
Poland	1.2	-3.1	4.7	-0.4	1.1	1.3
Portugal	1.0	4.2	5.1	1.0	-2.7	-3.7
Romania	-1.7	3.7	3.7	-7.0	0.4	-4.3
Slovenia	-0.4	-4.1	-0.4	-7.5	-0.9	0.3
Slovakia	-3.7	-9.8	3.8	-2.0	-4.2	5.5
Finland	1.5	-9.0	-6.4	-5.7	2.8	6.4
Sweden	-2.7	2.6	-4.0	-1.5	3.3	-0.6
Norway	1.9	4.6	3.5	5.9	14.9	10.0
Switzerland	-2.2	-2.6	8.1	8.7	5.6	:
* Calendar adjusted : Data not available Source dataset: sts_inpr_m

Production indices for total industry, calendar and seasonally adjusted (base year 2021)
	Feb-24	Mar-24	Apr-24	May-24	Jun-24	Jul-24
Euro area	97.3	97.8	97.6	96.7	96.7	96.4
EU	99.0	99.0	99.4	98.2	98.3	98.2
Belgium	89.3	91.9	91.2	92.8	86.3	92.6
Bulgaria	99.5	98.5	101.6	99.1	99.2	99.7
Czechia	101.7	100.1	100.7	98.4	99.2	98.3
Denmark	129.2	126.2	139.9	131.6	132.2	141.4
Germany	94.9	94.5	94.9	92.0	93.8	91.0
Estonia	86.1	86.8	85.6	88.6	85.6	81.5
Ireland*	92.8	102.7	99.4	104.1	96.0	104.8
Greece	108.3	106.7	114.7	111.6	113.4	116.0
Spain	102.8	101.5	101.3	101.1	101.4	100.7
France	100.5	100.3	100.9	98.7	99.5	99.0
Croatia	96.1	96.6	96.6	99.0	95.3	102.9
Italy	95.9	95.5	94.4	94.9	95.4	94.5
Cyprus	106.9	109.5	107.7	109.4	111.3	109.5
Latvia	96.6	95.9	91.2	94.2	91.9	92.7
Lithuania	99.3	103.3	107.3	106.1	104.1	104.8
Luxembourg	89.7	94.1	88.7	91.2	91.3	91.9
Hungary	101.1	97.9	97.3	96.1	96.6	96.6
Malta	107.4	110.6	111.3	111.4	112.0	105.8
Netherlands	101.5	100.6	101.0	100.8	101.2	100.0
Austria	101.8	101.9	102.6	100.9	102.0	103.6
Poland	110.8	105.2	112.3	109.4	110.7	110.3
Portugal	100.6	103.5	101.3	98.3	94.8	93.8
Romania	99.0	103.0	101.1	94.8	98.4	95.1
Slovenia	96.9	94.4	95.5	92.3	96.2	94.6
Slovakia	98.5	96.5	99.2	97.5	99.6	97.2
Finland	101.8	97.1	97.6	98.7	102.2	104.2
Sweden	101.9	102.3	99.1	100.5	99.6	100.5
Norway	101.5	104.9	104.7	105.4	113.5	109.2
Switzerland	107.0	107.3	110.8	112.0	111.3	:
* 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)
	Feb-24	Mar-24	Apr-24	May-24	Jun-24	Jul-24
Euro area	94.6	104.3	96.4	95.4	98.8	97.2
EU	96.2	106.0	98.2	97.0	100.4	97.4
Belgium	86.1	100.1	87.3	92.0	90.5	87.0
Bulgaria	94.0	101.8	98.8	94.8	101.3	103.3
Czechia	98.1	107.9	100.3	99.8	104.2	88.1
Denmark	124.8	134.0	136.0	129.9	132.7	128.8
Germany	92.7	102.9	93.6	90.0	95.4	90.8
Estonia	81.5	93.0	86.0	93.1	86.0	72.5
Ireland	71.9	91.0	98.3	87.3	88.6	101.9
Greece	106.0	108.1	113.9	112.0	117.6	128.7
Spain	104.9	107.6	101.5	106.3	106.4	105.2
France	100.4	109.0	100.7	93.8	103.5	97.2
Croatia	93.0	103.2	96.6	101.5	97.9	109.1
Italy	98.6	105.8	93.1	101.9	99.7	103.8
Cyprus	101.0	109.9	104.1	113.6	119.0	123.5
Latvia	83.5	96.8	88.8	97.5	96.3	93.4
Lithuania	93.7	105.8	103.8	108.8	104.2	101.1
Luxembourg	88.9	104.0	90.6	90.8	92.9	91.0
Hungary	102.2	105.4	95.8	97.2	100.2	95.3
Malta	101.5	115.9	109.5	114.7	117.4	112.0
Netherlands	97.8	107.6	99.4	100.5	104.4	98.2
Austria	97.6	111.7	101.7	99.3	105.2	103.5
Poland	107.5	115.2	111.2	107.8	111.7	105.5
Portugal	98.0	110.0	99.4	101.9	95.1	100.0
Romania	94.9	108.7	99.2	97.7	100.5	96.1
Slovenia	94.9	103.6	95.4	95.9	101.1	95.2
Slovakia	100.1	101.0	99.9	102.8	101.0	88.6
Finland	95.7	101.2	95.5	97.4	103.8	91.9
Sweden	101.7	116.7	100.1	100.1	103.5	79.0
Norway	100.5	112.2	103.5	100.9	102.4	106.4
Switzerland	102.8	117.2	105.7	111.7	117.9	:
: Data not available Source dataset: sts_inpr_m

Notes for users

Revisions and timetable

Compared with data issued in the News Release of 14 August 2024, the monthly percentage change for June 2024 has been revised from -0.1% to 0.0% in the euro area and from 0.0% to +0.1% in the EU. The annual percentage change has been revised from -3.9% to -4.1% in the euro area and from -3.2% to -3.5% 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.