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CliQ INDIA > International > Foreign > Industrial production down by 1.1% in the euro area and by 0.8% in the EU – Euro indicators
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Industrial production down by 1.1% in the euro area and by 0.8% in the EU – Euro indicators

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Overview

In December 2024, compared with November 2024, seasonally adjusted industrial production decreased by 1.1% in the euro area and by 0.8% the EU, according to first estimates from Eurostat, the statistical office of the European Union. In November 2024, industrial production grew by 0.4% in the euro area and by 0.2% in the EU.

In December 2024, compared with December 2023, industrial production decreased by 2.0% the euro area and by 1.7% in the EU.

The annual average industrial production for the year 2024, compared with 2023, decreased by 1.7% in the euro area and by 2.0% in the EU.

Monthly comparison by main industrial grouping and by Member State

In the euro area in December 2024, compared with November 2024, industrial production

  • decreased by 1.9% for intermediate goods,

  • increased by 0.5% for energy,

  • decreased by 2.6% for capital goods,

  • decreased by 0.7% for durable consumer goods,

  • increased by 5.1% for non-durable consumer goods.

In the EU, industrial production

  • decreased by 1.8% for intermediate goods,

  • increased by 0.6% for energy,

  • decreased by 2.0% for capital goods,

  • decreased by 1.0% for durable consumer goods,

  • increased by 5.2% for non-durable consumer goods.

The largest monthly decreases were recorded in Belgium (-6.8%), Portugal (-4.4%) and Austria (-3.3%). The highest increases were observed in Ireland (+8.2%), Luxembourg (+6.7%) and Croatia (+6.3%).

Annual comparison by main industrial grouping and by Member State

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

  • decreased by 2.4% for intermediate goods,

  • increased by 0.5% for energy,

  • decreased by 8.1% for capital goods,

  • decreased by 2.2% for durable consumer goods,

  • increased by 8.3% for non-durable consumer goods.

In the EU, industrial production

  • decreased by 2.3% for intermediate goods,

  • increased by 0.6% for energy,

  • decreased by 7.5% for capital goods,

  • decreased by 1.8% for durable consumer goods,

  • increased by 8.2% for non-durable consumer goods.

The largest annual decreases were recorded in Austria (-9.5%), Italy (-7.1%) and Hungary (-6.4%). The highest increases were observed in Malta (+14.4%), Ireland (+10.1%) and Lithuania (+7.6%).

Industrial production in December 2024

Tables

Industrial production

% change compared with previous month*

2024

Jul

Aug

Sep

Oct

Nov

Dec

-0.7

1.2

-1.5

0.2

0.4

-1.1

-0.3

0.0

-1.5

0.3

0.5

-1.9

0.1

0.3

-1.0

-1.2

2.1

0.5

-1.2

3.0

-3.9

1.7

0.2

-2.6

-3.2

1.7

-0.4

-1.3

2.0

-0.7

2.3

-0.4

2.3

-2.2

-0.2

5.1

 

 

 

 

 

 

-0.4

0.9

-1.4

0.5

0.2

-0.8

-0.6

0.1

-1.2

0.5

0.4

-1.8

0.0

0.3

-1.2

-0.6

2.2

0.6

-1.4

2.9

-3.2

1.6

-0.1

-2.0

-2.7

1.5

-0.6

-0.4

1.5

-1.0

2.7

-1.0

1.1

-0.9

-0.3

5.2

Industrial production

% change compared with previous month*

2024

Jul

Aug

Sep

Oct

Nov

Dec

-0.7

1.2

-1.5

0.2

0.4

-1.1

-0.4

0.9

-1.4

0.5

0.2

-0.8

6.2

0.0

0.3

-4.4

9.2

-6.8

0.6

0.9

1.3

-0.9

-0.3

-1.6

-0.8

1.8

-0.5

-0.4

-1.8

1.5

7.9

-5.5

-5.2

7.2

-4.2

4.0

-3.0

3.1

-2.5

-0.5

1.5

-2.9

-4.7

1.7

1.0

1.6

2.7

0.5

2.5

1.8

-5.4

5.7

-4.6

8.2

2.1

-4.4

-2.6

0.8

1.7

2.6

-0.5

-0.3

1.0

0.9

-1.5

1.4

0.2

0.8

-0.7

-0.4

0.1

-0.4

5.9

-3.9

4.0

-2.7

-1.7

6.3

-1.0

0.0

-0.4

0.0

0.3

-3.1

-1.7

-0.5

0.0

0.9

-2.8

3.7

1.2

1.2

-1.4

0.5

-1.1

-1.6

0.2

2.1

1.0

-4.5

3.9

2.2

0.3

-6.3

6.3

-1.4

-0.8

6.7

0.0

-0.5

-0.6

1.5

-1.1

-1.8

-4.2

2.1

4.2

-0.8

8.2

3.5

-0.9

1.8

-2.4

0.5

1.5

-1.0

0.5

-0.6

-0.8

-2.0

-0.5

-3.3

-0.4

-0.8

-0.5

3.5

-1.4

-1.4

-0.4

-0.3

3.0

3.3

-3.6

-4.4

-3.2

1.3

0.0

0.4

0.1

-1.2

-2.9

-0.1

1.6

2.3

-1.8

1.2

-2.1

1.4

0.6

0.8

-0.8

1.1

1.8

-0.9

-1.2

0.3

0.7

-1.8

1.0

1.5

1.3

-1.4

2.1

4.5

-5.4

-1.5

-11.1

9.7

0.2

-0.2

4.0

-6.3

0.5

:

:

:

Industrial production

% change compared with same month of the previous year*

2024

Jul

Aug

Sep

Oct

Nov

Dec

-2.1

-0.4

-2.1

-1.0

-1.8

-2.0

-4.3

-2.5

-4.0

-3.1

-2.4

-2.4

0.9

2.2

2.1

-0.3

0.0

0.5

-3.7

-0.5

-5.8

-2.0

-3.0

-8.1

-4.8

-5.4

-3.1

-4.2

-0.3

-2.2

2.6

1.7

5.7

3.7

0.1

8.3

 

 

 

 

 

 

-1.5

-0.1

-1.7

-0.5

-1.5

-1.7

-3.9

-2.4

-3.5

-2.7

-1.8

-2.3

1.2

2.2

1.5

-0.9

0.3

0.6

-4.0

-0.4

-5.1

-1.8

-2.8

-7.5

-4.2

-4.4

-2.7

-2.6

0.5

-1.8

4.4

2.9

5.1

4.3

0.5

8.2

Industrial production

% change compared with same month of the previous year*

2024

Jul

Aug

Sep

Oct

Nov

Dec

-2.1

-0.4

-2.1

-1.0

-1.8

-2.0

-1.5

-0.1

-1.7

-0.5

-1.5

-1.7

0.1

4.2

5.5

-5.4

10.3

-3.8

-2.6

-3.0

1.2

-1.5

2.4

-3.9

-1.9

1.7

1.7

-2.1

-2.7

-3.0

20.7

12.9

6.3

11.7

1.5

3.4

-5.8

-2.7

-4.2

-4.4

-3.0

-4.0

-5.8

-6.0

-1.6

0.0

-0.1

-4.3

7.3

11.2

-0.6

15.1

-5.0

10.1

10.5

3.7

2.5

-2.7

3.2

5.9

-0.9

-1.5

0.7

3.0

-1.0

2.6

-0.9

0.8

-0.6

-0.8

-1.0

-1.3

1.6

-1.9

0.8

-1.8

-6.3

5.4

-3.3

-3.2

-3.9

-3.5

-1.6

-7.1

2.3

1.4

-0.2

2.1

-4.2

3.1

1.6

0.6

-2.0

-1.8

-4.2

-6.0

6.1

5.5

5.1

0.4

5.2

7.6

-1.5

-10.1

0.4

-2.5

-2.6

1.4

-6.5

-4.1

-5.2

-3.7

-2.7

-6.4

-0.3

2.2

5.8

6.1

15.0

14.4

-3.1

0.8

-1.9

-0.3

1.7

-2.5

-2.0

-2.8

-3.4

-4.7

-4.8

-9.5

1.3

-0.5

-1.3

3.0

0.9

-1.4

-3.0

-1.9

2.5

3.8

-2.5

-5.6

-4.0

-2.0

-3.8

-1.0

-0.7

-3.6

-1.6

6.0

-0.6

3.2

-1.9

1.9

5.2

1.0

2.3

1.0

-0.1

-0.1

5.7

2.2

1.2

1.0

2.2

1.7

-2.2

-1.0

1.9

-1.8

0.8

5.6

10.0

5.9

-0.5

2.1

0.4

0.3

10.8

-0.4

-0.8

:

:

:

Production indices for total industry, calendar and seasonally adjusted

(base year 2021)

2024

Jul

Aug

Sep

Oct

Nov

Dec

96.5

97.7

96.2

96.4

96.8

95.7

98.3

99.2

97.8

98.3

98.5

97.7

91.9

91.9

92.2

88.1

96.2

89.7

99.8

100.7

102.0

101.1

100.8

99.2

98.4

100.2

99.7

99.3

97.5

99.0

142.3

134.5

127.5

136.7

131.0

136.2

90.8

93.6

91.3

90.8

92.2

89.5

81.6

83.0

83.8

85.1

87.4

87.8

105.8

107.7

101.9

107.7

102.7

111.1

115.0

109.9

107.0

107.9

109.7

112.6

100.6

100.3

101.3

102.2

100.7

102.1

100.5

101.3

100.6

100.2

100.3

99.9

102.0

98.0

101.9

99.1

97.4

103.5

94.3

94.3

93.9

93.9

94.2

91.3

107.2

106.7

106.7

107.7

104.7

108.6

93.5

94.6

93.3

93.8

92.8

91.3

102.8

105.0

106.1

101.3

105.3

107.6

90.5

84.8

90.1

88.8

88.1

94.0

96.4

95.9

95.3

96.7

95.6

93.9

108.4

110.7

115.3

114.4

123.8

128.1

100.3

102.1

99.6

100.1

101.6

100.6

102.0

101.4

100.6

98.6

98.1

94.9

110.3

109.4

108.9

112.7

111.1

109.5

94.3

94.0

96.8

100.0

96.4

92.2

95.3

96.5

96.5

96.9

97.0

95.8

93.3

93.2

94.7

96.9

95.2

96.3

97.7

99.1

99.7

100.5

99.7

100.8

103.6

102.7

101.5

101.8

102.5

100.7

100.3

101.8

103.1

101.7

103.8

108.5

107.2

105.6

93.9

103.0

103.2

103.0

115.6

108.3

108.8

:

:

:

Production indices for total industry, calendar adjusted

(base year 2021)

2024

Jul

Aug

Sep

Oct

Nov

Dec

98.0

83.0

101.4

102.0

103.3

92.2

98.1

85.4

102.7

104.0

104.8

94.4

86.2

84.0

97.0

94.1

98.4

88.0

103.1

98.6

102.7

106.0

104.9

101.7

88.1

93.6

103.3

105.2

105.7

92.4

129.8

131.0

130.1

139.6

135.8

138.3

90.5

86.1

95.5

93.4

98.7

85.7

72.5

81.1

86.2

90.6

91.0

84.6

111.7

94.0

124.3

124.6

126.3

113.3

128.4

104.1

109.0

106.4

106.3

113.0

104.9

77.7

104.3

108.1

105.0

94.2

99.0

79.8

101.9

105.3

104.3

101.6

109.0

84.7

106.1

106.6

100.3

100.4

103.8

64.0

99.7

102.5

98.9

80.0

121.5

89.6

112.2

110.1

102.1

110.3

93.7

99.6

96.0

101.2

101.4

96.0

99.9

107.1

110.4

106.0

108.9

104.7

89.2

71.3

91.9

94.2

90.3

88.0

95.2

84.7

103.3

102.2

101.0

84.3

114.0

104.2

120.5

118.9

126.2

115.3

98.5

93.3

100.8

103.1

105.2

101.5

101.9

90.4

105.1

103.2

104.2

94.3

105.5

102.2

111.4

120.0

115.5

105.1

100.7

79.4

98.3

101.5

100.4

84.0

96.4

88.0

98.7

101.9

101.8

91.1

93.5

78.2

97.8

102.2

99.5

86.6

88.6

90.7

100.4

109.7

105.8

90.8

91.2

100.3

105.1

106.6

106.3

109.4

78.3

86.8

105.7

108.2

109.5

112.7

106.4

105.9

81.9

106.5

107.5

110.2

113.0

99.5

108.6

:

:

:

Notes for users

Revisions and timetable

Compared with data issued in the News Release of 15 January 2025, the monthly percentage change for November 2024 has been revised from +0.2% to +0.4% in the euro area and from +0.1% to +0.2% in the EU. The annual percentage change has been revised from -1.9% to -1.8% in the euro area and from -1.7% to -1.5% 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

https%3A%2F%2Fec.europa.eu%2Feurostat%2Fproduct%3Fcode%3D4-13022025-ap

Contents
OverviewMonthly comparison by main industrial grouping and by Member StateAnnual comparison by main industrial grouping and by Member StateTablesNotes for usersRevisions and timetableMethods and definitionsGeographical informationFor more information

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