Industrial production down by 0.6% in the euro area and by 0.8% in the EU

Overview

In May 2024, compared with April 2024, seasonally adjusted industrial production decreased by 0.6% in the euro area and by 0.8% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In April 2024, industrial production remained unchanged in the euro area and grew by 0.5% in the EU.

In May 2024, compared with May 2023, industrial production decreased by 2.9% in the euro area and by 2.5% in the EU.

Monthly comparison by main industrial grouping and by Member State

In the euro area in May 2024, compared with April 2024, industrial production

decreased by 1.0% for intermediate goods,
increased by 0.8% for energy,
decreased by 1.2% for capital goods,
decreased by 1.8% for durable consumer goods,
increased by 1.6% for non-durable consumer goods.

In the EU, industrial production

decreased by 1.0% for intermediate goods,
increased by 0.4% for energy,
decreased by 1.2% for capital goods,
decreased by 2.1% for durable consumer goods,
increased by 0.8% for non-durable consumer goods.

The largest monthly decreases were recorded in Slovenia (-7.3%), Romania (-6.2%) and Denmark (-4.9%). The highest increases were observed in Ireland (+6.7%), Luxembourg (+3.9%) and Estonia (+3.8%).

Annual comparison by main industrial grouping and by Member State

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

decreased by 3.5% for intermediate goods,
increased by 0.7% for energy,
decreased by 6.5% for capital goods,
decreased by 4.2% for durable consumer goods,
increased by 2.8% for non-durable consumer goods.

In the EU, industrial production

decreased by 3.1% for intermediate goods,
increased by 1.2% for energy,
decreased by 6.3% for capital goods,
decreased by 4.1% for durable consumer goods,
increased by 3.3% for non-durable consumer goods.

The largest annual decreases were recorded in Romania (-6.9%), Germany (-6.6%) and Bulgaria (-6.3%). The highest increases were observed in Denmark (+9.6%), Ireland (+8.7%) and Greece (+6.8%).

Industrial production in May 2024

Tables

Industrial production % change compared with previous month*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24

1.5	-2.2	0.0	0.5	0.0	-0.6
-1.4	2.2	0.4	-0.3	-0.3	-1.0
0.3	1.1	-3.2	-0.1	-0.2	0.8
11.4	-15.4	1.9	0.9	0.7	-1.2
0.1	-1.4	1.2	-0.6	0.4	-1.8
-0.4	-0.4	-0.4	-2.7	3.6	1.6

1.3	-2.0	0.2	0.0	0.5	-0.8
-0.8	1.4	0.8	-0.3	-0.3	-1.0
0.5	0.8	-3.3	0.2	0.0	0.4
10.3	-13.7	1.7	0.6	0.5	-1.2
0.3	-1.3	1.4	-0.6	0.9	-2.1
-0.4	-0.5	-0.1	-2.6	4.0	0.8

Industrial production % change compared with previous month*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
1.5	-2.2	0.0	0.5	0.0	-0.6
1.3	-2.0	0.2	0.0	0.5	-0.8
5.2	-3.4	0.2	3.7	0.3	2.5
4.0	-4.1	0.2	-0.4	2.8	-3.4
3.0	-3.1	2.1	-1.7	0.6	-2.2
-0.5	-0.9	1.2	-2.5	10.5	-4.9
-2.1	1.0	0.7	-0.3	0.4	-2.4
5.1	-8.3	2.4	1.2	-1.6	3.8
20.1	-20.0	-5.0	10.7	-3.3	6.7
0.9	3.5	-1.8	-1.6	7.5	-3.1
-1.0	1.0	1.2	-1.3	-0.1	-0.2
0.3	-1.2	0.4	-0.2	0.6	-2.1
-4.2	-0.3	-2.5	0.5	0.0	2.5
1.2	-1.5	0.0	-0.5	-1.0	0.5
0.6	-0.5	0.7	2.2	-1.7	1.9
1.2	-1.5	2.2	-0.7	-4.8	3.1
-2.6	3.9	-2.8	4.0	3.9	-1.3
1.2	-2.4	-1.1	4.7	-6.3	3.9
0.4	-0.9	3.4	-3.2	-0.7	-1.0
5.5	-9.2	3.1	2.4	0.6	1.3
3.3	-2.6	1.0	-0.9	0.5	-0.4
2.2	-1.9	-0.2	0.3	0.5	-2.1
0.2	0.5	0.0	-5.1	6.7	-2.6
-1.9	3.0	0.6	2.9	-2.1	-3.3
1.6	-3.4	3.3	4.0	-1.8	-6.2
-8.8	8.8	3.2	-6.3	10.0	-7.3
3.3	-2.4	1.3	-1.5	2.4	-1.4
-3.1	3.5	-0.2	-4.7	0.4	1.1
1.1	-0.4	-0.7	0.5	-2.6	1.4
1.4	1.8	-4.3	3.8	-0.5	0.2
2.5	-1.8	-0.8	2.3	:	:

Industrial production % change compared with same month of the previous year*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24

0.2	-6.5	-6.3	-1.2	-3.1	-2.9
-3.6	-3.1	-2.8	-2.8	-2.1	-3.5
-1.9	0.7	-3.4	-2.1	-1.9	0.7
4.6	-10.9	-9.1	1.7	-5.2	-6.5
-3.0	-7.6	-4.2	-7.7	-3.1	-4.2
-5.2	-3.7	-5.0	-7.2	0.6	2.8

0.3	-5.4	-5.2	-1.1	-2.1	-2.5
-3.7	-3.6	-2.7	-2.5	-1.8	-3.1
-1.0	0.9	-3.3	-1.6	-1.3	1.2
4.3	-9.3	-7.9	1.3	-4.8	-6.3
-4.2	-7.6	-4.1	-6.9	-2.3	-4.1
-2.9	-1.6	-3.4	-5.0	2.8	3.3

Industrial production % change compared with same month of the previous year*
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
0.2	-6.5	-6.3	-1.2	-3.1	-2.9
0.3	-5.4	-5.2	-1.1	-2.1	-2.5
-5.1	-4.1	-7.8	-5.9	2.8	2.6
-5.4	-9.2	-8.0	-7.7	-0.3	-6.3
-0.3	-0.3	0.7	-2.9	-0.4	-3.2
8.6	8.4	4.6	4.0	18.4	9.6
-4.5	-5.1	-6.4	-5.0	-3.7	-6.6
-3.4	-10.2	-5.3	-5.6	-4.8	-1.3
36.0	-32.1	-35.9	38.5	-15.9	8.7
4.6	10.4	1.9	-0.6	11.8	6.8
-2.0	0.4	3.7	-0.3	0.3	0.2
0.7	0.9	-0.6	0.6	1.2	-3.2
-1.0	-1.4	-5.2	-5.0	-2.0	-3.3
-1.5	-3.7	-3.4	-3.3	-3.0	-3.3
2.6	1.9	2.2	8.1	2.9	5.0
-1.3	-2.6	1.1	0.5	-7.8	-0.9
-5.1	-0.3	-1.0	2.3	2.3	4.7
-1.6	-4.2	-7.9	-0.9	-5.5	-1.1
-7.4	-3.6	1.8	-3.1	-2.5	-4.9
8.2	-4.9	-3.6	-0.2	3.1	1.2
-1.3	-2.5	-1.1	-3.8	-1.9	-1.6
-1.4	-4.7	-6.0	-4.5	-3.5	-6.2
-0.5	1.0	1.2	-3.1	4.7	-0.4
-5.2	-1.7	1.0	4.2	5.1	0.6
1.0	-4.1	-1.7	3.7	3.7	-6.9
-11.0	-3.6	2.6	-7.4	12.9	-5.0
4.9	3.5	0.1	-6.9	6.2	0.0
-7.6	-1.0	1.5	-9.1	-6.4	-5.3
2.7	-1.6	-2.7	2.7	-3.5	-0.7
7.7	8.3	1.7	4.6	3.5	5.9
-0.9	-2.1	-2.0	-3.8	:	:

Production indices for total industry, calendar and seasonally adjusted (base year 2021)
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
99.5	97.3	97.3	97.8	97.8	97.2
100.8	98.8	99.0	99.0	99.5	98.7
93.1	89.9	90.1	93.4	93.7	96.0
102.8	98.6	98.8	98.4	101.2	97.8
102.8	99.6	101.7	100.0	100.6	98.4
129.0	127.8	129.3	126.1	139.3	132.5
93.3	94.2	94.9	94.6	95.0	92.7
92.0	84.4	86.4	87.4	86.0	89.3
122.9	98.3	93.4	103.4	100.0	106.7
106.4	110.1	108.1	106.4	114.4	110.9
100.7	101.7	102.9	101.6	101.5	101.3
101.3	100.1	100.5	100.3	100.9	98.8
98.9	98.6	96.1	96.6	96.6	99.0
97.4	95.9	95.9	95.4	94.4	94.9
106.5	106.0	106.7	109.1	107.2	109.2
96.1	94.7	96.8	96.1	91.5	94.3
98.4	102.2	99.3	103.3	107.3	105.9
93.0	90.8	89.8	94.0	88.1	91.5
98.7	97.8	101.1	97.9	97.2	96.2
114.9	104.3	107.5	110.1	110.8	112.2
103.2	100.5	101.5	100.6	101.1	100.7
102.6	100.7	100.5	100.8	101.3	99.2
110.3	110.8	110.8	105.2	112.3	109.4
97.1	100.0	100.6	103.5	101.3	98.0
99.2	95.8	99.0	103.0	101.1	94.8
89.0	96.8	99.9	93.6	103.0	95.5
99.1	96.7	98.0	96.5	98.8	97.4
97.9	101.3	101.1	96.3	96.7	97.8
103.1	102.7	102.0	102.5	99.8	101.2
103.4	105.3	100.8	104.6	104.1	104.3
108.4	106.4	105.6	108.0	:	:

Production indices for total industry, calendar adjusted (base year 2021)
	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24
95.1	94.2	94.6	104.4	96.5	95.9
96.8	95.7	96.3	106.1	98.3	97.5
91.5	86.5	86.6	101.6	89.6	95.1
105.4	93.7	93.6	101.5	98.5	93.2
95.3	95.8	98.1	107.9	100.0	99.8
133.8	129.3	124.8	134.0	135.8	131.7
89.3	88.0	92.8	103.0	93.6	90.7
88.4	80.9	81.5	93.1	86.0	93.3
116.8	105.1	71.9	91.0	98.3	89.1
106.7	100.6	106.0	108.1	113.6	111.5
92.3	100.2	104.9	107.6	101.7	106.5
102.7	103.3	100.4	109.0	100.5	93.7
95.1	90.2	93.0	103.2	96.6	101.5
86.1	90.6	98.6	105.8	93.1	101.9
107.0	97.4	101.0	109.6	103.7	113.8
102.1	74.5	83.5	96.8	88.9	97.1
98.7	98.3	93.7	105.8	103.8	108.5
86.0	86.5	88.9	103.9	90.1	91.0
89.5	92.7	102.3	105.5	95.5	97.3
101.5	99.2	101.4	114.8	108.4	115.1
104.1	98.0	97.8	107.6	99.4	100.4
102.8	91.2	96.2	110.4	100.6	97.9
106.6	106.1	107.5	115.2	111.2	107.8
89.0	101.6	98.0	110.0	99.4	101.5
94.5	91.3	94.9	108.7	99.2	97.8
80.1	92.9	97.0	103.2	101.8	99.4
87.6	96.6	100.1	100.9	99.9	102.8
107.4	99.2	95.7	101.1	95.5	97.8
105.8	101.0	101.7	116.8	100.6	100.9
109.9	115.9	100.4	112.2	103.5	100.9
107.6	103.4	99.4	120.2	:	:

Notes for users

Revisions and timetable

Compared with data issued in the News Release of 13 June 2024, the monthly percentage change for April 2024 has been revised from -0.1% to 0.0% in the euro area and remained unchanged at +0.5% in the EU. The annual percentage change has been revised from -3.0% to -3.1% in the euro area and from -2.0% to -2.1% 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.

For more information

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Contents

Overview Monthly comparison by main industrial grouping and by Member State Annual comparison by main industrial grouping and by Member State Tables Notes for users Revisions and timetable Methods and definitions Geographical information For more information

Industrial production down by 0.6% in the euro area and by 0.8% in the EU

Overview

Monthly comparison by main industrial grouping and by Member State

Annual comparison by main industrial grouping and by Member State

Tables