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According to the latest data available for October and September 2025, the production of services in the EU grew by 16.4% from February 2020, right before the Covid-10 crisis, and industrial production by 2.3%, while trade (+0.1%) and construction (+0.2%) are at almost the same level as before the pandemic.   

The EU economy was heavily affected by the Covid-19 crisis. The EU’s production indices for industry, construction, services (excluding financial and public services) and the total trade volume (including the sale of motor vehicles, wholesale trade and retail trade) registered unprecedented decreases between February and April 2020, with industry decreasing by 27.3%, construction by 26.7%, trade by 22.3% and services by 17.0%. 

After this, these economic activities saw a recovery period and about a year later, the former production levels had been re-reached. In early 2022, production in these 4 economic areas began to differ. Industrial and construction production as well as trade stagnated or slowly declined while the production of services remained on an upward path. 

Index of production, industry, construction, services, and trade volume in the EU, January 2020 - October 2025 (2021 = 100). Line chart with 4 indicators. Link t full dataset below.

Source datasets: sts_inpr_, sts_copr_m, sets_sepr_m and sts_trtu_m

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Methodological notes

  • This article covers industry, construction, trade and services, i.e. it combines all areas currently covered by short-term statistics indicators under the European Business Statistics Regulation. In terms of NACE Rev. 2 (statistical classification of economic activities) the coverage of the total market production index (TMPI) includes:
    • Industry: NACE sections B (mining and quarrying), C (manufacturing), D (electricity, gas, steam);
    • Construction: NACE section F;
    • Trade: NACE section G, i.e. trade and repair of motor vehicles (G45), wholesale trade (G46) and retail trade (G47);
    • Services: divisions H (transport), I (accommodation and food services), J (information and communication), L (real estate activities), M (professional and technical services), N (business support services).
  • Production indices are business indicators, which measure the monthly changes of the price adjusted output of industry, construction and services. The trade volume measures the price-adjusted turnover in trade.

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