Services production up by 1.5% in the euro area and by 1.0% in the EU

Overview

In January 2024, compared with December 2023, seasonally adjusted services production increased by 1.5% in the euro area and by 1.0% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In December 2023, services production fell by 0.1% in the euro area and grew by 0.1% in the EU.

In January 2024, compared with January 2023, services production increased by 4.5% the euro area and by 4.1% in the EU.

Services production

Monthly comparison by service industry and by Member State

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

increased for transportation and storage by 0.9%,
increased for accommodation and food services by 0.4%,
increased for information and communication by 0.3%,
increased for real estate activities by 3.2%,
increased for professional, scientific and technical activities by 4.1%,
increased for administrative and support services by 0.8%.

In the EU, services production

increased for transportation and storage by 0.7%,
increased for accommodation and food services by 0.3%,
increased for information and communication by 0.3%,
increased for real estate activities by 2.8%,
increased for professional, scientific and technical activities by 3.6%,
increased for administrative and support services by 0.7%.

Among Member States for which data are available, the highest monthly increases were recorded in Lithuania (+4.9%), Greece (+4.5%) and Germany (+2.8%). The largest decreases were observed in Romania (-5.1%), Latvia (-2.6%), Estonia and Luxembourg (both -2.1%).

Annual comparison by service industry and by Member State

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

increased for transportation and storage by 1.6%,
increased for accommodation and food services by 1.3%,
increased for information and communication by 7.1%,
increased for real estate activities by 2.5%,
increased for professional, scientific and technical activities by 4.8%,
increased for administrative and support services by 3.1%.

In the EU, services production

increased for transportation and storage by 2.0%,
increased for accommodation and food services by 1.2%,
increased for information and communication by 6.5%,
increased for real estate activities by 3.3%,
increased for professional, scientific and technical activities by 4.2%,
increased for administrative and support services by 2.7%.

Among Member States for which data are available, the highest annual increases were recorded in Lithuania (+19.5%), Greece (+9.8%) and Denmark (+7.4%). The largest decreases were observed in Estonia (-5.1%), Hungary (-4.8%) and Slovakia (-4.7%).

Tables

Services production % change compared with previous month*
	Aug-23	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24
Euro area
Total services	0.1	-0.2	0.1	-0.2	-0.1	1.5
Transportation and storage	-0.3	-1.1	0.1	0.3	0.6	0.9
Accommodation and food services	-0.9	2.7	-0.8	-0.2	0.5	0.4
Information and communication	0.5	-0.3	0.2	-0.3	1.3	0.3
Real estate activities	-0.9	0.7	0.6	-1.6	-1.9	3.2
Professional, scientific and technical activities	0.4	-1.8	0.8	0.3	-2.3	4.1
Administrative and support services	-1.4	0.1	1.0	-2.1	1.2	0.8
EU
Total services	0.0	-0.2	0.1	-0.1	0.1	1.0
Transportation and storage	0.0	-0.8	0.1	0.2	0.4	0.7
Accommodation and food services	-0.9	2.5	-0.8	-0.1	0.7	0.3
Information and communication	0.2	-0.3	0.2	-0.2	1.2	0.3
Real estate activities	-0.6	0.5	0.7	-1.0	-1.3	2.8
Professional, scientific and technical activities	0.3	-1.7	0.7	0.2	-2.3	3.6
Administrative and support services	-1.2	0.1	0.8	-1.9	1.1	0.7
* Calendar and seasonally adjusted Source dataset: sts_sepr_m

Services production % change compared with previous month*
	Aug-23	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24
Euro area	0.1	-0.2	0.1	-0.2	-0.1	1.5
EU	0.0	-0.2	0.1	-0.1	0.1	1.0
Belgium	:	:	:	:	:	:
Bulgaria	2.5	0.0	0.4	0.6	0.5	0.8
Czechia	-0.5	0.0	0.2	0.4	0.6	0.3
Denmark	1.0	-2.1	2.3	0.3	-0.9	1.9
Germany	0.2	-1.1	-0.4	0.3	-2.2	2.8
Estonia	-0.1	-0.8	0.3	-1.2	1.3	-2.1
Ireland	c	c	c	c	c	c
Greece	-2.3	3.2	3.2	-0.3	-1.4	4.5
Spain	-1.9	1.1	1.8	1.4	0.1	0.5
France	0.3	-0.2	-0.2	-0.9	2.7	0.3
Croatia	c	c	c	c	c	c
Italy	c	c	c	c	c	c
Cyprus	c	c	c	c	c	c
Latvia	-1.9	1.4	-2.1	1.9	2.2	-2.6
Lithuania	1.8	1.4	-1.4	-0.1	0.3	4.9
Luxembourg	-1.5	-0.6	6.8	-0.2	-1.1	-2.1
Hungary	-0.3	-0.6	-0.5	-0.5	-0.4	0.1
Malta	0.6	-0.5	0.2	0.2	-0.2	0.0
Netherlands	:	:	:	:	:	:
Austria	-0.7	-0.4	0.5	-1.0	0.3	0.2
Poland	1.5	-0.1	0.9	1.0	-0.8	1.9
Portugal	:	:	:	:	:	:
Romania	-1.2	1.1	0.8	0.3	3.0	-5.1
Slovenia	0.9	1.3	-2.1	2.4	1.5	:
Slovakia	3.3	-0.8	-0.6	-0.4	-0.2	1.9
Finland	0.3	-0.3	-0.4	-0.1	0.3	-0.4
Sweden	c	c	c	c	c	c
* Calendar and seasonally adjusted : Data not available c Confidential Source dataset: sts_sepr_m

Services production % change compared with same month of the previous year*
	Aug-23	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24
Euro area
Total services	2.0	1.4	2.1	1.4	1.8	4.5
Transportation and storage	0.5	-1.9	-1.0	-0.7	0.0	1.6
Accommodation and food services	-2.1	2.7	0.9	1.0	1.4	1.3
Information and communication	5.6	5.1	5.1	4.6	5.5	7.1
Real estate activities	-0.2	-0.1	2.7	0.8	-3.7	2.5
Professional, scientific and technical activities	2.4	-0.3	1.3	1.8	1.3	4.8
Administrative and support services	2.2	2.3	2.7	-1.9	1.4	3.1
EU
Total services	1.9	1.1	1.9	1.5	1.9	4.1
Transportation and storage	0.6	-0.7	0.0	1.0	1.0	2.0
Accommodation and food services	-2.1	2.6	0.8	0.8	1.4	1.2
Information and communication	5.0	3.6	4.4	4.0	4.8	6.5
Real estate activities	0.2	0.1	2.5	0.8	-2.1	3.3
Professional, scientific and technical activities	2.4	-0.4	1.1	1.7	0.9	4.2
Administrative and support services	2.1	2.1	2.2	-1.8	1.2	2.7
* Calendar adjusted Source dataset: sts_sepr_m

Services production % change compared with same month of the previous year*
	Aug-23	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24
Euro area	2.0	1.4	2.1	1.4	1.8	4.5
EU	1.9	1.1	1.9	1.5	1.9	4.1
Belgium	:	:	:	:	:	:
Bulgaria	-3.6	-2.3	-1.8	-1.5	0.7	3.3
Czechia	-5.3	-4.2	-4.2	-3.7	-1.6	-1.2
Denmark	5.5	4.0	8.8	11.2	7.2	7.4
Germany	2.5	0.5	-0.4	0.2	0.1	3.8
Estonia	-0.5	-1.9	-0.8	-3.8	1.1	-5.1
Ireland	c	c	c	c	c	c
Greece	-1.7	5.9	9.7	4.6	0.7	9.8
Spain	-0.2	-0.6	4.2	2.9	1.3	5.2
France	1.6	1.4	1.0	0.6	2.9	3.7
Croatia	c	c	c	c	c	c
Italy	c	c	c	c	c	c
Cyprus	c	c	c	c	c	c
Latvia	-2.5	-3.0	-2.3	-3.3	1.4	-1.4
Lithuania	8.4	11.4	5.6	4.4	3.1	19.5
Luxembourg	8.0	7.7	14.5	13.6	6.1	6.5
Hungary	-7.5	-8.0	-8.1	-8.3	-7.5	-4.8
Malta	6.2	7.9	2.4	3.1	2.1	1.8
Netherlands	:	:	:	:	:	:
Austria	-3.3	-4.9	-1.6	-3.3	-3.4	-2.6
Poland	4.2	1.8	2.9	4.7	2.1	6.7
Portugal	:	:	:	:	:	:
Romania	5.1	5.4	5.1	4.5	9.9	1.3
Slovenia	-1.3	0.8	-1.1	2.3	3.9	:
Slovakia	-9.2	-8.8	-7.3	-10.2	-9.8	-4.7
Finland	-1.1	-1.8	-2.1	-2.1	-2.3	-3.5
Sweden	c	c	c	c	c	c
* Calendar adjusted : Data not available c Confidential Source dataset: sts_sepr_m

Services production, calendar and seasonally adjusted indices (base year 2021)
	Aug-23	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24
Euro area	114.4	114.2	114.3	114.1	114.0	115.7
EU	114.5	114.3	114.4	114.3	114.4	115.6
Belgium	:	:	:	:	:	:
Bulgaria	110.8	110.8	111.2	111.9	112.5	113.4
Czechia	102.8	102.8	103.0	103.4	104.0	104.3
Denmark	118.9	116.4	119.1	119.4	118.3	120.6
Germany	112.8	111.6	111.1	111.4	109.0	112.0
Estonia	116.2	115.3	115.6	114.2	115.7	113.3
Ireland*	c	c	c	c	c	c
Greece	125.4	129.4	133.6	133.2	131.3	137.2
Spain	111.8	113.0	115.0	116.6	116.7	117.3
France	114.7	114.5	114.3	113.3	116.4	116.7
Croatia	c	c	c	c	c	c
Italy	c	c	c	c	c	c
Cyprus	c	c	c	c	c	c
Latvia	113.3	114.9	112.5	114.6	117.1	114.1
Lithuania	109.0	110.5	109.0	108.9	109.2	114.5
Luxembourg	107.4	106.8	114.1	113.9	112.6	110.2
Hungary	108.7	108.0	107.5	107.0	106.6	106.7
Malta	124.0	123.4	123.6	123.9	123.6	123.6
Netherlands	:	:	:	:	:	:
Austria	109.5	109.1	109.7	108.6	108.9	109.1
Poland	117.2	117.1	118.1	119.3	118.3	120.5
Portugal	:	:	:	:	:	:
Romania	135.2	136.7	137.8	138.2	142.3	135.1
Slovenia	113.0	114.5	112.1	114.8	116.5	:
Slovakia	97.9	97.1	96.5	96.1	95.9	97.7
Finland	107.0	106.7	106.3	106.2	106.5	106.1
Sweden	c	c	c	c	c	c
: Data not available c Confidential Source dataset: sts_sepr_m

Services production, calendar adjusted indices (base year 2021)
	Aug-23	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24
Euro area	112.6	114.8	116.7	113.4	134.0	109.6
EU	112.2	115.3	117.2	114.4	134.0	109.1
Belgium	:	:	:	:	:	:
Bulgaria	114.0	112.2	110.0	111.3	128.6	99.3
Czechia	96.4	104.4	105.1	106.8	121.4	96.2
Denmark	110.9	120.9	125.7	124.8	137.7	115.3
Germany	108.7	111.6	112.2	114.0	132.6	100.9
Estonia	117.1	116.5	116.8	112.8	140.9	99.6
Ireland	c	c	c	c	c	c
Greece	153.7	151.1	136.9	114.9	147.8	94.5
Spain	107.3	115.1	118.8	115.5	124.4	106.8
France	123.5	112.6	117.3	109.2	141.1	118.4
Croatia	c	c	c	c	c	c
Italy	c	c	c	c	c	c
Cyprus	c	c	c	c	c	c
Latvia	114.7	119.1	114.9	114.1	134.4	103.3
Lithuania	108.5	114.3	114.0	109.0	113.4	109.0
Luxembourg	95.5	104.6	116.0	120.0	135.4	106.4
Hungary	113.3	113.9	112.3	117.7	139.5	91.3
Malta	127.0	129.4	129.7	124.7	121.2	121.8
Netherlands	:	:	:	:	:	:
Austria	105.3	107.2	109.2	104.6	128.0	110.4
Poland	114.1	121.5	120.1	122.8	132.4	109.3
Portugal	:	:	:	:	:	:
Romania	134.7	139.6	142.4	139.0	155.8	118.4
Slovenia	107.8	119.0	115.4	116.9	129.0	:
Slovakia	92.0	99.0	101.1	99.9	109.2	88.6
Finland	102.7	109.0	109.2	107.5	130.5	98.4
Sweden	c	c	c	c	c	c
: Data not available c Confidential Source dataset: sts_sepr_m

Notes for users

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.