Factory chimneys at sunset.

The industrial turnover in the EU has slightly decreased since October 2022 but remains historically high in the first half of 2024. 

The steady increase in industrial turnover, ongoing since 2013, was disrupted by the COVID-19 pandemic in February 2020, leading to a decline of over one-third within 2 months. There was a rapid but partial recovery by July 2020, followed by a period of growth from July 2020 to October 2022, to a large extent driven by rising prices. 

Monthly index of turnover in industry in the EU, 2015-2024, seasonally adjusted data, 2021=100. Chart. See link to full dataset below.

Source datasets: sts_intv_m, sts_intvd_m and sts_intvnd_m

The data presented in this article are taken from European short-term statistics (STS), collected under the European business statistics regulation. The article presents a handful of findings from the more detailed Statistics Explained article on industrial turnover index overview.

For more information

Methodological note

Industry turnover in this article covers turnover in mining and quarrying and in manufacturing (statistical classification of economic activities (NACE) Rev. 2 sections B and C).

If you have any queries, please visit our contact us page.