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Up by 2.0% in the euro area and by 2.2% in the EU compared with August 2023

Overview

In August 2024, compared with July 2024, seasonally adjusted services production increased by 0.4% in both the euro area and the EU, according to first estimates from Eurostat, the statistical office of the European Union. In July 2024, services production grew by 1.1% in the euro area and by 1.3% in the EU.

In August 2024, compared with August 2023, services production increased by 2.0% in the euro area and by 2.2% in the EU.

Services production

Monthly comparison by service industry and by Member State

In the euro area in August 2024, compared with July 2024, services production

  • decreased for transportation and storage by 0.2%,

  • increased for accommodation and food services by 0.3%,

  • increased for information and communication by 1.1%,

  • decreased for real estate activities by 0.3%,

  • decreased for professional, scientific, and technical activities by 0.7%,

  • decreased for administrative and support services by 0.9%.

In the EU, services production

  • increased for transportation and storage by 0.3%,

  • increased for accommodation and food services by 0.4%,

  • increased for information and communication by 1.2%,

  • decreased for real estate activities by 0.3%,

  • decreased for professional, scientific, and technical activities by 0.9%,

  • decreased for administrative and support services by 0.9%.

Among Member States for which data are available, the highest monthly increases were recorded in Denmark and France (both +2.4%), Bulgaria (+1.6%) and Romania (+1.1%). The largest decreases were observed in Hungary (-4.3%), Greece (-2.2%) and Lithuania (-2.0%).

Annual comparison by service industry and by Member State

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

  • increased for transportation and storage by 1.7%,

  • increased for accommodation and food services by 0.4%,

  • increased for information and communication by 5.1%,

  • increased for real estate activities by 1.3%,

  • increased for professional, scientific, and technical activities by 1.4%,

  • increased for administrative and support services by 0.5%.

In the EU, services production

  • increased for transportation and storage by 2.7%,

  • increased for accommodation and food services by 0.5%,

  • increased for information and communication by 5.4%,

  • increased for real estate activities by 1.2%,

  • increased for professional, scientific, and technical activities by 1.1%,

  • increased for administrative and support services by 0.4%.

Among Member States for which data are available, the highest annual increases were recorded in Luxembourg (+11.9%), Denmark (+10.1%) and Malta (+9.4%). The largest decreases were observed in Greece (-6.8%), Hungary and Romania (both -5.1%) as well as in Austria (-4.7%).

Tables

Services production

% change compared with previous month*

2024

Mar

Apr

May

Jun

Jul

Aug

Euro area

 

 

 

 

 

 

Total services

-0.3

1.1

-0.2

-1.2

1.1

0.4

Transportation and storage

-0.6

2.4

-1.5

-1.1

1.8

-0.2

Accommodation and food services

-1.3

-0.7

1.6

-0.9

-0.2

0.3

Information and communication

-0.1

1.3

0.3

-1.7

1.5

1.1

Real estate activities

-0.4

0.0

1.1

-1.2

1.4

-0.3

Professional, scientific and technical activities

-1.7

3.1

-0.8

-1.1

2.7

-0.7

Administrative and support services

0.9

1.0

-0.7

-1.5

1.9

-0.9

EU

 

 

 

 

 

 

Total services

-0.3

1.1

0.0

-1.3

1.3

0.4

Transportation and storage

-0.4

2.2

-0.7

-1.0

2.4

0.3

Accommodation and food services

-1.3

-0.8

1.5

-0.9

-0.1

0.4

Information and communication

-0.2

1.2

0.2

-1.5

1.4

1.2

Real estate activities

-0.4

0.5

1.0

-1.6

1.5

-0.3

Professional, scientific and technical activities

-2.0

2.8

-0.5

-1.1

2.7

-0.9

Administrative and support services

0.6

0.9

-0.4

-1.4

1.6

-0.9

*  Calendar and seasonally adjusted

Source dataset: sts_sepr_m

Services production

% change compared with previous month*

2024

Mar

Apr

May

Jun

Jul

Aug

Euro area

-0.3

1.1

-0.2

-1.2

1.1

0.4

EU

-0.3

1.1

0.0

-1.3

1.3

0.4

Belgium

-0.6

0.1

0.2

-0.7

1.2

-1.6

Bulgaria

-0.3

2.5

-1.1

0.9

1.6

1.6

Czechia

0.9

0.9

-0.6

0.1

0.5

-0.8

Denmark

1.2

3.4

1.2

-0.6

8.8

2.4

Germany

0.0

0.2

0.2

-0.8

0.6

0.3

Estonia

-1.2

2.1

-1.4

0.2

0.1

-0.2

Ireland

c

c

c

c

c

c

Greece

-3.3

5.0

-3.4

-3.8

-1.5

-2.2

Spain

-1.0

0.4

0.0

-1.0

1.4

-0.8

France

-1.1

3.9

-0.8

-1.6

1.0

2.4

Croatia

-0.3

0.8

0.3

-0.5

0.4

-1.6

Italy

-1.8

1.7

-0.5

-1.5

1.7

-1.9

Cyprus

c

c

c

c

c

c

Latvia

-1.0

0.8

0.1

-1.0

-0.4

-1.3

Lithuania

1.2

-0.8

-0.1

0.8

1.5

-2.0

Luxembourg

2.0

0.8

0.1

1.1

0.4

0.5

Hungary

-8.5

3.7

1.6

-1.9

1.6

-4.3

Malta

0.9

-0.6

1.6

1.2

1.1

-0.2

Netherlands

c

c

c

c

c

c

Austria

-2.0

0.0

-0.2

-1.0

0.9

-0.5

Poland

-1.4

1.7

-0.5

0.3

3.3

-1.8

Portugal

:

:

:

:

:

:

Romania

0.2

-1.0

15.4

-15.8

-0.9

1.1

Slovenia

1.0

0.8

-1.7

-2.8

2.0

0.9

Slovakia

-0.8

0.4

-2.6

1.7

1.4

0.2

Finland

0.1

-0.4

0.5

0.5

-0.1

0.3

Sweden

-0.4

-1.5

0.2

0.5

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*

2024

Mar

Apr

May

Jun

Jul

Aug

Euro area

 

 

 

 

 

 

Total services

1.5

3.9

2.0

-0.1

1.4

2.0

Transportation and storage

-0.8

3.3

0.0

-1.3

1.4

1.7

Accommodation and food services

1.9

-1.7

0.9

-1.5

-2.3

0.4

Information and communication

5.4

7.7

6.5

2.7

4.0

5.1

Real estate activities

0.2

-0.5

1.8

-0.4

0.8

1.3

Professional, scientific and technical activities

-0.5

5.1

1.1

-1.0

2.2

1.4

Administrative and support services

1.0

3.0

0.4

-0.1

0.8

0.5

EU

 

 

 

 

 

 

Total services

1.4

3.5

2.2

-0.1

1.5

2.2

Transportation and storage

-0.6

2.5

0.6

-1.5

1.5

2.7

Accommodation and food services

2.0

-1.5

1.2

-1.5

-2.2

0.5

Information and communication

5.3

6.9

6.3

2.8

4.0

5.4

Real estate activities

-0.2

0.4

2.3

-0.8

1.2

1.2

Professional, scientific and technical activities

-0.4

4.7

1.2

-1.0

2.3

1.1

Administrative and support services

1.0

2.5

0.4

0.0

0.8

0.4

*  Calendar adjusted

Source dataset: sts_sepr_m

Services production

% change compared with same month of the previous year*

2024

Mar

Apr

May

Jun

Jul

Aug

Euro area

1.5

3.9

2.0

-0.1

1.4

2.0

EU

1.4

3.5

2.2

-0.1

1.5

2.2

Belgium

1.7

3.3

3.3

0.3

2.7

1.5

Bulgaria

2.6

6.3

1.9

4.0

8.6

7.3

Czechia

1.8

3.4

2.5

0.6

4.1

2.4

Denmark

-0.2

0.8

6.5

-3.7

2.6

10.1

Germany

1.0

0.7

-0.8

-1.2

-0.5

0.1

Estonia

-1.8

7.0

0.7

1.0

0.8

-0.1

Ireland

c

c

c

c

c

c

Greece

-1.6

5.2

-8.6

-7.8

-7.0

-6.8

Spain

2.7

3.1

3.6

1.6

4.0

4.2

France

0.4

6.3

3.1

1.1

1.8

5.3

Croatia

3.0

5.0

4.3

-0.4

4.6

3.4

Italy

-2.0

4.1

1.9

-2.4

1.0

-4.0

Cyprus

c

c

c

c

c

c

Latvia

-5.5

-4.1

-3.2

-5.7

-4.3

-3.8

Lithuania

6.3

7.0

6.0

7.5

8.8

4.3

Luxembourg

11.7

15.7

10.9

6.6

7.8

11.9

Hungary

-7.6

-1.7

4.1

1.8

5.0

-5.1

Malta

14.8

6.9

10.3

14.0

15.6

9.4

Netherlands

c

c

c

c

c

c

Austria

-4.9

-2.8

-3.7

-5.1

-4.4

-4.7

Poland

2.8

4.8

2.7

2.9

9.4

5.6

Portugal

:

:

:

:

:

:

Romania

-1.3

-5.1

11.5

-6.5

-8.6

-5.1

Slovenia

0.3

4.2

1.6

0.9

2.1

1.8

Slovakia

1.0

3.3

-1.1

1.0

3.4

0.9

Finland

-1.2

-1.8

-1.1

0.4

1.1

1.4

Sweden

2.0

-0.3

0.0

-0.1

c

c

*  Calendar adjusted

:   Data not available

c Confidential

Source dataset: sts_sepr_m

Services production, calendar and seasonally adjusted indices

(base year 2021)

2024

Mar

Apr

May

Jun

Jul

Aug

Euro area

114.5

115.8

115.6

114.2

115.4

115.9

EU

114.5

115.8

115.8

114.3

115.8

116.3

Belgium

114.1

114.2

114.4

113.6

115.0

113.2

Bulgaria

114.5

117.4

116.1

117.1

119.0

120.9

Czechia

105.5

106.5

105.9

106.0

106.5

105.6

Denmark

112.3

116.1

117.5

116.8

127.1

130.2

Germany

111.5

111.7

111.9

111.0

111.7

112.0

Estonia

116.3

118.7

117.0

117.2

117.3

117.1

Ireland

c

c

c

c

c

c

Greece

125.7

132.0

127.5

122.7

120.9

118.3

Spain

118.1

118.6

118.6

117.4

119.0

118.1

France

114.3

118.8

117.8

115.9

117.1

119.9

Croatia

113.4

114.3

114.6

114.0

114.5

112.7

Italy

112.7

114.6

114.0

112.3

114.2

112.0

Cyprus

c

c

c

c

c

c

Latvia

111.4

112.3

112.4

111.3

110.9

109.5

Lithuania

114.3

113.4

113.3

114.2

115.9

113.6

Luxembourg

115.8

116.7

116.8

118.1

118.6

119.2

Hungary

106.5

110.4

112.2

110.1

111.9

107.1

Malta

129.8

129.0

131.1

132.7

134.1

133.8

Netherlands

c

c

c

c

c

c

Austria

105.4

105.4

105.2

104.2

105.1

104.6

Poland

119.4

121.4

120.8

121.2

125.2

123.0

Portugal

:

:

:

:

:

:

Romania

132.7

131.4

151.7

127.7

126.6

128.0

Slovenia

117.4

118.3

116.3

113.1

115.4

116.4

Slovakia

97.1

97.5

95.0

96.6

98.0

98.2

Finland

107.4

107.0

107.5

108.0

107.9

108.2

Sweden

111.6

109.9

110.1

110.6

c

c

:   Data not available

c Confidential

Source dataset: sts_sepr_m

Services production, calendar adjusted indices
(base year 2021)

2024

Mar

Apr

May

Jun

Jul

Aug

Euro area

114.6

113.2

112.8

116.5

114.9

113.4

EU

114.8

113.2

112.9

116.9

114.6

113.3

Belgium

119.2

112.3

110.2

120.2

109.8

101.8

Bulgaria

114.2

112.0

111.6

123.4

129.0

127.6

Czechia

110.9

103.8

103.5

113.8

104.3

98.7

Denmark

109.9

119.8

111.4

120.0

124.3

120.8

Germany

112.5

107.5

110.1

111.6

113.2

108.7

Estonia

118.3

118.8

122.4

120.0

116.1

117.0

Ireland

c

c

c

c

c

c

Greece

104.7

108.4

126.0

146.8

154.6

143.2

Spain

116.0

115.8

116.9

122.8

129.2

111.4

France

114.5

118.1

109.9

117.7

99.5

130.0

Croatia

98.5

112.1

122.6

132.8

146.7

137.1

Italy

110.6

115.4

116.9

113.5

130.7

92.2

Cyprus

c

c

c

c

c

c

Latvia

110.7

108.7

109.5

111.5

112.2

110.3

Lithuania

114.3

111.0

114.2

115.2

115.3

113.2

Luxembourg

116.3

115.1

114.1

118.2

118.4

108.1

Hungary

101.1

105.0

108.8

107.5

113.0

108.3

Malta

135.7

123.9

135.9

140.7

139.4

135.2

Netherlands

c

c

c

c

c

c

Austria

109.0

100.5

97.2

101.5

108.4

100.4

Poland

122.1

119.2

115.9

124.0

124.4

120.5

Portugal

:

:

:

:

:

:

Romania

130.6

127.7

149.4

133.5

130.1

127.8

Slovenia

120.0

115.5

117.3

117.9

115.5

111.4

Slovakia

99.4

95.0

93.6

99.5

97.6

92.4

Finland

108.3

103.8

107.8

112.7

97.5

104.1

Sweden

117.8

106.8

108.6

115.2

c

c

:  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 7 October 2024, the monthly percentage increase for July 2024 has been revised from +1.0% to +1.1% in the euro area and from +1.2% to +1.3% in the EU. The annual percentage increase has been revised from +2.6% to +1.4% in the euro area and from +2.6% to +1.5% 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.

For more information

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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