Industrial production up by 0.8% in the euro area and by 0.7% in the EU

Overview

In February 2024, compared with January 2024, seasonally adjusted industrial production increased by 0.8% in the euro area and by 0.7% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In January 2024, industrial production fell by 3.0% in the euro area and by 2.7% in the EU.

In February 2024, compared with February 2023, industrial production decreased by 6.4% in the euro area and by 5.4% in the EU.

Industrial production

Monthly comparison by main industrial grouping and by Member State

In the euro area in February 2024 compared with January 2024, industrial production

increased by 0.5% for intermediate goods,
decreased by 3.0% for energy,
increased by 1.2% for capital goods,
increased by 1.4% for durable consumer goods,
decreased by 0.9% for non-durable consumer goods.

In the EU, industrial production

increased by 0.9% for intermediate goods,
decreased by 3.3% for energy,
increased by 1.0% for capital goods,
increased by 1.7% for durable consumer goods,
decreased by 0.5% for non-durable consumer goods.

The highest monthly increases were recorded in Ireland (+3.8%), Hungary (+3.5%) and Slovenia (+3.3%). The largest decreases were observed in Croatia (-4.6%), Lithuania (-3.0%) and Belgium (-2.7%).

Annual comparison by main industrial grouping and by Member State

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

decreased by 2.7% for intermediate goods,
decreased by 3.6% for energy,
decreased by 8.9% for capital goods,
decreased by 4.3% for durable consumer goods,
decreased by 6.1% for non-durable consumer goods.

In the EU, industrial production

decreased by 2.5% for intermediate goods,
decreased by 3.5% for energy,
decreased by 7.5% for capital goods,
decreased by 3.9% for durable consumer goods,
decreased by 4.7% for non-durable consumer goods.

The largest annual decreases were recorded in Ireland (-36.0%), Belgium (-12.7%) and Bulgaria (-8.4%). The highest increases were observed in Spain (+3.5%), Slovenia (+2.8%) and Denmark (+2.7%).

Industrial production in February 2024

Tables

Industrial production % change compared with previous month*
	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24
Euro area
Total industry	-0.6	-0.5	0.3	1.6	-3.0	0.8
Intermediate goods	-0.1	-0.5	-0.7	-1.3	2.3	0.5
Energy	-1.6	1.1	2.1	0.8	0.4	-3.0
Capital goods	0.2	-0.8	0.5	11.6	-15.5	1.2
Durable consumer goods	-2.9	0.1	-1.7	0.4	-1.2	1.4
Non-durable consumer goods	-0.7	-0.9	3.0	-1.0	-0.2	-0.9
EU
Total industry	-0.7	-0.1	0.3	1.5	-2.7	0.7
Intermediate goods	-0.2	-0.4	-0.8	-0.7	1.4	0.9
Energy	-1.5	1.8	1.5	0.9	0.3	-3.3
Capital goods	0.3	-0.5	0.3	10.3	-13.6	1.0
Durable consumer goods	-2.7	0.1	-1.7	0.6	-1.0	1.7
Non-durable consumer goods	-0.5	-0.4	2.9	-0.9	-0.6	-0.5
* Calendar and seasonally adjusted Source dataset: sts_inpr_m

Industrial production % change compared with previous month*
	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24
Euro area	-0.6	-0.5	0.3	1.6	-3.0	0.8
EU	-0.7	-0.1	0.3	1.5	-2.7	0.7
Belgium	-0.9	5.1	-4.2	5.0	-5.1	-2.7
Bulgaria	-2.1	1.9	-4.4	4.0	-4.1	0.0
Czechia	-1.6	3.0	-1.4	2.8	-2.8	1.9
Denmark	-0.7	4.8	3.7	0.2	-3.2	1.0
Germany	-1.1	0.0	0.1	-1.8	1.0	1.1
Estonia	-3.3	0.0	2.8	5.1	-5.4	1.0
Ireland**	-2.5	-7.0	7.3	19.9	-26.9	3.8
Greece	-2.1	6.1	-4.1	0.9	3.4	-2.1
Spain	0.9	0.5	0.5	-0.8	1.0	1.3
France	-0.3	-0.5	0.6	0.2	-0.8	0.2
Croatia	3.6	-0.9	2.1	-4.0	0.0	-4.6
Italy	0.2	-0.1	-1.3	1.1	-1.4	0.1
Cyprus	1.3	-0.8	0.4	0.5	-0.7	0.2
Latvia	2.4	-0.4	-1.7	1.4	-2.7	2.9
Lithuania	1.1	-3.7	-0.1	-2.6	3.9	-3.0
Luxembourg	-2.7	3.0	-1.0	1.2	-2.6	-0.9
Hungary	1.7	0.2	-2.7	0.5	-1.1	3.5
Malta	1.6	-2.9	2.6	5.1	-9.1	2.1
Netherlands	-1.2	-1.0	0.1	3.5	-3.5	0.8
Austria	0.4	-1.4	-1.8	2.3	-1.9	0.5
Poland	0.5	0.7	-0.4	0.2	0.5	0.0
Portugal	-2.9	3.2	4.3	-1.1	1.4	0.4
Romania	1.7	-2.3	-0.2	1.6	-3.4	2.7
Slovenia	5.6	0.1	3.6	-7.9	7.4	3.3
Slovakia	-1.7	2.2	-3.0	4.0	-2.8	0.4
Finland	-1.0	0.6	-0.2	-3.1	4.1	-0.3
Sweden	-2.2	1.8	-0.6	1.3	0.0	-0.8
Norway	-12.4	12.4	2.5	1.4	2.2	-4.3
Switzerland	2.2	-1.2	-4.8	5.6	:	:
* 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*
	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24
Euro area
Total industry	-6.8	-6.2	-5.2	0.2	-6.6	-6.4
Intermediate goods	-4.9	-4.3	-5.7	-3.4	-2.9	-2.7
Energy	-7.5	-1.2	0.8	-1.6	0.2	-3.6
Capital goods	-6.2	-6.4	-4.7	4.7	-11.3	-8.9
Durable consumer goods	-5.2	-4.0	-5.5	-3.1	-7.2	-4.3
Non-durable consumer goods	-5.8	-8.3	-7.1	-5.3	-3.9	-6.1
EU
Total industry	-6.1	-4.9	-4.3	0.3	-5.6	-5.4
Intermediate goods	-5.0	-4.5	-5.8	-3.5	-3.4	-2.5
Energy	-6.9	0.0	0.7	-0.8	0.4	-3.5
Capital goods	-5.3	-5.0	-3.8	4.5	-9.5	-7.5
Durable consumer goods	-6.4	-5.1	-6.2	-4.2	-7.2	-3.9
Non-durable consumer goods	-3.9	-5.8	-4.4	-3.0	-2.1	-4.7
* Calendar adjusted Source dataset: sts_inpr_m

Industrial production % change compared with same month of the previous year*
	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24
Euro area	-6.8	-6.2	-5.2	0.2	-6.6	-6.4
EU	-6.1	-4.9	-4.3	0.3	-5.6	-5.4
Belgium	-16.0	-9.3	-15.0	-5.1	-6.1	-12.7
Bulgaria	-10.6	-5.2	-12.0	-5.4	-9.2	-8.4
Czechia	-4.8	1.1	-2.8	-0.5	-0.4	0.7
Denmark	1.2	10.6	12.2	8.6	6.2	2.7
Germany	-4.8	-3.8	-4.8	-4.3	-5.2	-6.1
Estonia	-13.7	-12.7	-5.9	-3.0	-7.4	-5.6
Ireland	-26.9	-34.1	-19.9	36.0	-32.1	-36.0
Greece	1.8	10.7	3.3	4.6	10.5	1.5
Spain	-2.7	-1.4	0.2	-2.0	0.5	3.5
France	-0.2	2.9	1.4	0.4	1.1	-0.8
Croatia	1.6	1.0	4.7	-1.0	-1.3	-5.7
Italy	-1.7	-0.7	-2.4	-1.6	-3.7	-3.1
Cyprus	4.7	3.1	1.6	2.7	1.6	1.0
Latvia	0.0	-0.8	-6.1	-1.2	-5.0	-0.2
Lithuania	-1.0	-3.4	-3.5	-5.1	-0.3	-1.2
Luxembourg	-10.0	-3.7	-5.2	-1.4	-4.3	-7.8
Hungary	-6.1	-2.0	-5.2	-7.4	-4.1	1.3
Malta	2.2	0.0	4.2	7.2	-5.5	-5.1
Netherlands	-4.4	-3.9	-3.8	-1.3	-3.2	-2.0
Austria	-0.9	-2.6	-5.7	-1.4	-4.7	-5.2
Poland	-0.8	1.6	-0.9	-0.5	1.0	1.2
Portugal	-6.0	-1.2	-0.7	-4.5	-1.5	0.7
Romania	0.0	-2.0	-2.5	1.0	-4.1	-2.0
Slovenia	-7.7	-2.2	-2.7	-11.2	-3.5	2.8
Slovakia	2.8	8.3	1.9	4.9	3.5	0.0
Finland	-3.5	-0.2	0.3	-7.8	-0.8	1.3
Sweden	-4.1	0.2	3.4	2.8	-0.9	-2.7
Norway	-15.1	-1.5	2.5	7.7	8.3	1.9
Switzerland	1.4	0.8	-1.2	-0.3	:	:
* Calendar adjusted : Data not available Source dataset: sts_inpr_m

Production indices for total industry, calendar and seasonally adjusted (base year 2021)
	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24
Euro area	98.2	97.7	98.0	99.6	96.6	97.4
EU	99.3	99.2	99.5	101.0	98.3	99.0
Belgium	87.5	92.0	88.1	92.5	87.8	85.4
Bulgaria	101.4	103.3	98.8	102.8	98.6	98.6
Czechia	98.3	101.2	99.8	102.6	99.7	101.6
Denmark	119.2	124.9	129.5	129.7	125.6	126.8
Germany	94.9	94.9	95.0	93.3	94.2	95.2
Estonia	85.6	85.6	88.0	92.5	87.5	88.4
Ireland*	103.6	96.3	103.3	123.9	90.6	94.0
Greece	103.7	110.0	105.5	106.5	110.1	107.8
Spain	100.9	101.4	101.9	101.1	102.1	103.4
France	100.8	100.3	100.9	101.1	100.3	100.5
Croatia	102.3	101.4	103.5	99.4	99.4	94.8
Italy	97.8	97.7	96.4	97.5	96.1	96.2
Cyprus	105.9	105.1	105.5	106.0	105.3	105.5
Latvia	96.9	96.5	94.9	96.2	93.6	96.3
Lithuania	105.0	101.1	101.0	98.4	102.2	99.1
Luxembourg	90.3	93.0	92.1	93.2	90.8	90.0
Hungary	101.0	101.2	98.5	99.0	97.9	101.3
Malta	108.7	105.5	108.2	113.7	103.4	105.6
Netherlands	101.0	100.0	100.1	103.6	100.0	100.8
Austria	103.6	102.2	100.4	102.7	100.8	101.3
Poland	109.7	110.5	110.1	110.3	110.8	110.8
Portugal	93.2	96.2	100.3	99.2	100.6	101.0
Romania	100.1	97.8	97.6	99.2	95.8	98.4
Slovenia	93.7	93.8	97.2	89.5	96.1	99.3
Slovakia	96.4	98.5	95.5	99.3	96.5	96.9
Finland	101.2	101.8	101.6	98.4	102.4	102.1
Sweden	100.7	102.5	101.9	103.2	103.2	102.4
Norway	88.9	99.9	102.4	103.8	106.1	101.5
Switzerland	110.5	109.2	104.0	109.8	:	:
* 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)
	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24
Euro area	104.2	103.5	105.2	95.1	94.1	94.4
EU	105.0	105.0	106.4	96.8	95.6	96.0
Belgium	91.9	99.5	89.2	91.5	84.7	82.0
Bulgaria	101.1	107.3	102.2	105.4	93.7	93.2
Czechia	101.6	107.5	108.6	95.1	95.7	98.1
Denmark	122.5	125.2	133.6	133.8	126.7	122.5
Germany	99.3	97.7	101.5	89.3	88.1	92.8
Estonia	88.3	91.4	91.4	88.8	84.0	83.7
Ireland	135.6	116.0	136.0	116.8	105.1	71.8
Greece	106.3	109.4	103.0	106.7	100.7	105.6
Spain	103.8	105.2	106.4	92.3	100.3	104.7
France	102.1	105.7	105.0	102.4	103.4	100.1
Croatia	105.1	108.7	107.1	95.1	90.2	92.6
Italy	103.7	106.2	100.5	86.1	90.6	98.8
Cyprus	112.4	107.7	106.6	107.0	97.1	99.9
Latvia	102.2	103.1	100.8	102.1	72.6	82.3
Lithuania	106.8	107.0	105.6	98.7	98.3	93.5
Luxembourg	93.1	99.4	94.8	86.2	86.4	89.0
Hungary	109.3	105.9	103.5	89.5	92.3	101.8
Malta	114.3	110.9	109.2	100.6	98.6	99.8
Netherlands	102.7	103.4	103.4	104.1	97.2	96.9
Austria	107.8	106.8	106.4	102.8	91.2	97.0
Poland	112.9	116.5	114.5	106.6	106.1	107.5
Portugal	95.2	97.6	102.7	90.6	101.5	100.2
Romania	102.6	102.9	102.5	94.5	91.3	94.6
Slovenia	97.2	97.6	102.1	79.9	93.0	97.1
Slovakia	95.8	105.5	102.8	87.6	96.6	100.0
Finland	104.1	105.9	104.0	107.1	99.4	95.5
Sweden	102.8	110.1	108.9	105.9	101.7	101.7
Norway	82.3	104.4	107.1	109.9	115.9	100.5
Switzerland	116.7	115.6	107.6	108.2	:	:
: Data not available Source dataset: sts_inpr_m

Notes for users

Revisions and timetable

Compared with data issued in the News Release of 13 March 2024, the monthly percentage change for January 2024 has been revised from -3.2% to -3.0% in the euro area and from -2.1% to -2.7% in the EU. The annual percentage change has been revised from -6.7% to -6.6% in the euro area and from -5.7% to -5.6% 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.