Services production down by 0.1% in the euro area and up by 0.1% in the EU

Overview

In May 2024, compared with April 2024, seasonally adjusted services production decreased by 0.1% in the euro area and increased by 0.1% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In April 2024, services production grew by 1.0% in both the euro area and the EU.

In May 2024, compared with May 2023, services production increased by 2.5% in the euro area and by 2.6% in the EU.

Services production

Monthly comparison by service industry and by Member State

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

decreased for transportation and storage by 1.2%,
increased for accommodation and food services by 2.0%,
increased for information and communication by 0.6%,
decreased for real estate activities by 0.2%,
decreased for professional, scientific, and technical activities by 0.1%,
decreased for administrative and support services by 0.2%.

In the EU, services production

decreased for transportation and storage by 0.7%,
increased for accommodation and food services by 1.9%,
increased for information and communication by 0.4%,
decreased for real estate activities by 0.2%,
remained stable for professional, scientific, and technical activities,
decreased for administrative and support services by 0.1%.

Among Member States for which data are available, the highest monthly increases were recorded in Romania (+17.7%), Luxembourg (+3.6%) and Malta (+2.5%). The largest decreases were observed in Slovakia (-1.9%), Denmark (-1.8%) and Slovenia (-1.6%).

Annual comparison by service industry and by Member State

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

increased for transportation and storage by 0.2%,
decreased for accommodation and food services by 1.5%,
increased for information and communication by 7.8%,
increased for real estate activities by 1.1%,
increased for professional, scientific, and technical activities by 2.9%,
increased for administrative and support services by 1.5%.

In the EU, services production

increased for transportation and storage by 0.1%,
decreased for accommodation and food services by 1.1%,
increased for information and communication by 7.7%,
increased for real estate activities by 1.7%,
increased for professional, scientific, and technical activities by 2.7%,
increased for administrative and support services by 1.3%.

Among Member States for which data are available, the highest annual increases were recorded in Luxembourg (+16.6%), Malta (+16.5%) and Romania (+14.0%). The largest decreases were observed in Greece (-6.2%), Denmark (-3.2%) and Austria (-3.0%).

Tables

Services production % change compared with previous month*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area
Total services	0.5	0.2	1.1	-0.4	1.0	-0.1
Transportation and storage	1.4	-1.0	1.3	-0.4	1.2	-1.2
Accommodation and food services	0.8	-0.1	1.1	-1.5	-1.4	2.0
Information and communication	1.6	0.2	1.4	0.0	1.5	0.6
Real estate activities	-2.1	2.5	0.4	-0.5	0.4	-0.2
Professional, scientific and technical activities	-0.6	1.0	0.6	-1.3	2.3	-0.1
Administrative and support services	1.0	-0.3	0.5	0.9	1.2	-0.2
EU
Total services	0.6	-0.3	1.3	-0.7	1.0	0.1
Transportation and storage	1.2	-2.6	1.2	-0.4	1.1	-0.7
Accommodation and food services	1.0	-0.2	1.2	-1.5	-1.4	1.9
Information and communication	1.6	0.2	1.5	-0.3	1.7	0.4
Real estate activities	-1.3	1.9	0.0	-0.5	1.0	-0.2
Professional, scientific and technical activities	-0.5	0.8	1.1	-1.8	2.3	0.0
Administrative and support services	0.9	-0.3	0.6	0.6	1.1	-0.1
* Calendar and seasonally adjusted Source dataset: sts_sepr_m

Services production % change compared with previous month*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	0.5	0.2	1.1	-0.4	1.0	-0.1
EU	0.6	-0.3	1.3	-0.7	1.0	0.1
Belgium	-0.1	-1.1	2.7	-0.6	0.2	0.4
Bulgaria	0.5	1.1	-0.1	0.3	1.5	-0.4
Czechia	0.6	0.7	-0.5	0.9	1.0	-0.4
Denmark	0.8	-12.1	0.0	-2.8	2.7	-1.8
Germany**	-1.0	1.0	2.3	0.0	:	:
Estonia	1.2	-1.2	1.5	-1.3	1.7	-1.4
Ireland	c	c	c	c	c	c
Greece	-2.9	0.5	2.6	-2.7	5.7	-1.0
Spain	0.3	0.4	1.8	-2.0	2.2	-0.7
France	3.1	-0.6	-0.5	-1.1	3.4	-0.8
Croatia	2.7	0.1	0.8	0.8	2.5	1.1
Italy	-1.1	2.0	0.3	-1.4	1.9	-0.2
Cyprus	2.4	-2.4	6.4	0.7	c	c
Latvia	2.2	-3.8	0.1	-0.8	2.5	-0.1
Lithuania	0.5	4.9	-1.1	1.2	-0.3	-0.4
Luxembourg	4.3	-5.7	-0.9	1.6	0.9	3.6
Hungary	0.6	0.3	15.6	-14.5	1.4	0.5
Malta	1.2	0.5	3.6	0.4	0.6	2.5
Netherlands	c	c	c	c	c	c
Austria	0.1	-0.3	0.2	-2.0	0.4	0.0
Poland	-0.8	0.4	1.4	-1.4	2.7	-1.5
Portugal	:	:	:	:	:	:
Romania	3.0	-5.5	-1.6	0.2	-1.0	17.7
Slovenia	2.7	0.1	-2.4	1.0	-0.4	-1.6
Slovakia	0.1	1.7	0.5	-0.8	0.8	-1.9
Finland	0.4	0.2	0.6	0.1	-0.7	0.7
Sweden	c	c	c	c	c	c
* Calendar and seasonally adjusted ** The publication of German data is delayed due to the changeover to new data requirements. : Data not available c Confidential Source dataset: sts_sepr_m

Services 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 services	1.9	3.2	4.3	1.9	4.5	2.5
Transportation and storage	-0.4	-0.2	2.3	-0.2	3.4	0.2
Accommodation and food services	1.4	1.4	4.3	1.6	-3.1	-1.5
Information and communication	5.7	6.3	7.6	5.9	8.9	7.8
Real estate activities	-3.2	1.8	2.4	0.1	-0.2	1.1
Professional, scientific and technical activities	1.9	2.9	4.8	0.6	5.2	2.9
Administrative and support services	1.6	3.3	3.0	1.8	4.3	1.5
EU
Total services	2.0	2.9	4.2	1.7	4.0	2.6
Transportation and storage	1.0	-0.5	2.2	-0.5	1.9	0.1
Accommodation and food services	1.5	1.3	4.3	1.7	-2.8	-1.1
Information and communication	5.0	5.8	7.6	5.5	7.9	7.7
Real estate activities	-1.7	2.2	2.2	-0.2	0.7	1.7
Professional, scientific and technical activities	1.6	2.5	5.1	0.4	4.8	2.7
Administrative and support services	1.5	3.0	3.0	1.7	3.7	1.3
* Calendar adjusted Source dataset: sts_sepr_m

Services production % change compared with same month of the previous year*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	1.9	3.2	4.3	1.9	4.5	2.5
EU	2.0	2.9	4.2	1.7	4.0	2.6
Belgium	1.0	-0.2	3.0	1.7	3.3	3.6
Bulgaria	0.7	4.2	3.6	3.1	6.1	3.4
Czechia	-1.7	-0.7	-1.4	1.7	3.5	2.4
Denmark	9.3	-0.8	7.4	-6.1	-4.9	-3.2
Germany**	0.5	1.9	3.9	2.9	:	:
Estonia	1.1	-3.7	3.0	-1.8	5.5	-0.7
Ireland	c	c	c	c	c	c
Greece	0.7	2.1	8.9	-0.5	5.2	-6.2
Spain	1.6	5.4	6.3	1.4	4.8	4.0
France	3.5	3.4	2.6	0.4	5.9	2.4
Croatia	3.6	3.1	3.3	2.7	6.9	6.6
Italy	-2.3	4.1	5.8	-1.9	4.4	2.4
Cyprus	4.2	-1.8	14.3	11.0	5.9	3.6
Latvia	1.6	-2.8	-3.6	-5.4	-2.1	-1.4
Lithuania	3.1	14.3	11.2	6.3	7.6	7.1
Luxembourg	14.2	11.0	10.6	11.4	13.4	16.6
Hungary	-4.9	-3.4	10.3	-7.1	-1.7	1.4
Malta	5.3	4.7	20.4	14.0	10.2	16.5
Netherlands	c	c	c	c	c	c
Austria	-3.7	-3.4	-2.7	-4.8	-2.4	-3.0
Poland	1.9	4.9	7.3	2.8	6.2	3.5
Portugal	:	:	:	:	:	:
Romania	9.9	1.7	-2.4	-1.3	-5.1	14.0
Slovenia	6.5	5.1	0.7	0.3	3.1	0.4
Slovakia	-9.9	-5.0	-4.1	0.9	4.0	0.4
Finland	-2.5	-2.7	-0.8	-0.5	-2.0	-0.7
Sweden	c	c	c	c	c	c
* Calendar adjusted ** The publication of German data is delayed due to the changeover to new data requirements. : Data not available c Confidential Source dataset: sts_sepr_m

Services production, calendar and seasonally adjusted indices (base year 2021)
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	114.2	114.4	115.7	115.2	116.4	116.3
EU	114.6	114.3	115.8	115.0	116.2	116.3
Belgium	113.2	111.9	114.9	114.2	114.4	114.9
Bulgaria	112.5	113.7	113.6	113.9	115.6	115.1
Czechia	104.6	105.3	104.8	105.7	106.8	106.4
Denmark	123.1	108.2	108.2	105.2	108.0	106.1
Germany*	110.0	111.1	113.6	113.6	:	:
Estonia	117.2	115.8	117.5	116.0	118.0	116.4
Ireland	c	c	c	c	c	c
Greece	127.0	127.6	130.9	127.4	134.7	133.4
Spain	117.4	117.9	120.0	117.6	120.2	119.3
France	117.0	116.3	115.7	114.4	118.3	117.3
Croatia	116.9	117.0	117.9	118.9	121.9	123.3
Italy	112.7	114.9	115.3	113.7	115.9	115.7
Cyprus	130.1	127.0	135.1	136.0	c	c
Latvia	117.2	112.7	112.8	111.9	114.7	114.6
Lithuania	109.0	114.3	113.0	114.3	113.9	113.4
Luxembourg	121.0	114.1	113.1	114.9	115.9	120.1
Hungary	108.2	108.5	125.4	107.2	108.7	109.2
Malta	128.0	128.7	133.3	133.8	134.6	138.0
Netherlands	c	c	c	c	c	c
Austria	107.9	107.6	107.8	105.6	106.0	106.0
Poland	118.9	119.4	121.1	119.4	122.6	120.7
Portugal	:	:	:	:	:	:
Romania	142.3	134.5	132.4	132.7	131.4	154.7
Slovenia	119.0	119.1	116.3	117.5	117.0	115.1
Slovakia	95.8	97.4	97.9	97.1	97.9	96.0
Finland	106.7	106.9	107.5	107.6	106.8	107.5
Sweden	c	c	c	c	c	c
* The publication of German data is delayed due to the changeover to new data requirements. : Data not available c Confidential Source dataset: sts_sepr_m

Services production, calendar adjusted indices (base year 2021)
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
Euro area	133.3	107.6	102.9	115.2	113.8	113.5
EU	133.5	107.2	103.1	115.2	113.7	113.4
Belgium	135.1	104.5	103.0	119.2	112.3	110.5
Bulgaria	128.6	100.1	104.4	114.9	111.5	111.0
Czechia	121.3	96.7	93.2	110.8	103.8	103.4
Denmark	140.1	108.6	96.2	103.2	110.8	99.8
Germany*	133.0	99.0	100.3	114.8	:	:
Estonia	140.9	101.1	105.7	118.3	117.1	120.7
Ireland	c	c	c	c	c	c
Greece	147.8	87.9	96.4	105.9	108.4	129.2
Spain	124.8	107.0	106.4	114.6	116.8	117.7
France	142.0	118.0	103.7	114.6	117.6	109.2
Croatia	124.6	88.5	89.6	98.4	113.9	125.5
Italy	123.9	113.8	100.1	110.7	115.8	117.4
Cyprus	135.1	103.5	120.0	132.2	123.5	145.2
Latvia	134.4	101.9	102.9	110.7	110.9	111.5
Lithuania	113.4	104.2	103.9	114.3	111.6	115.3
Luxembourg	145.7	111.1	100.0	115.6	112.5	119.7
Hungary	143.0	92.7	96.1	100.9	104.3	105.4
Malta	121.9	118.9	126.7	137.2	130.4	145.0
Netherlands	c	c	c	c	c	c
Austria	127.1	109.3	106.1	109.2	101.0	97.9
Poland	132.2	107.4	112.7	122.1	120.7	116.9
Portugal	:	:	:	:	:	:
Romania	155.8	118.9	116.2	130.6	127.7	152.8
Slovenia	132.2	107.2	103.3	120.1	114.1	116.0
Slovakia	108.9	88.5	87.3	99.3	95.7	95.0
Finland	130.2	99.3	97.4	109.0	103.6	108.2
Sweden	c	c	c	c	c	c
* The publication of German data is delayed due to the changeover to new data requirements. : Data not available c Confidential Source dataset: sts_sepr_m

Notes for users

Revisions and timetable

Compared with data issued in the News Release of 8 July 2024, the monthly percentage increase for April 2024 has been revised from +1.1% to +1.0% in both the euro area and in the EU. The annual percentage increase has been revised from +4.8% to +4.5% in the euro area and from +4.2% to +4.0% in the EU.

Methods and definitions

The index of services production is a business indicator that measures the monthly changes in the production volume of the services industries (excluding financial and public services).

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

In this release, total services cover NACE Rev.2 sections H to N, excluding K. Missing observations from Member States for recent months are estimated for the calculation of the euro area and the EU aggregates.

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.