Industrial production up by 0.6% in the euro area and by 0.2% in the EU

Overview

In March 2024, compared with February 2024, seasonally adjusted industrial production increased by 0.6% in the euro area and by 0.2% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In February 2024, industrial production grew by 1.0% in the euro area and by 0.9% in the EU.

In March 2024, compared with March 2023, industrial production decreased by 1.0% in both the euro area and the EU.

Monthly comparison by main industrial grouping and by Member State

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

decreased by 0.5% for intermediate goods,
decreased by 0.9% for energy,
increased by 1.0% for capital goods,
decreased by 1.1% for durable consumer goods,
decreased by 2.7% for non-durable consumer goods.

In the EU, industrial production

decreased by 0.5% for intermediate goods,
decreased by 0.2% for energy,
increased by 0.7% for capital goods,
decreased by 1.0% for durable consumer goods,
decreased by 2.7% for non-durable consumer goods.

The highest monthly increases were recorded in Ireland (+12.8%), Belgium (+6.8%) and Luxembourg (+4.5%). The largest decreases were observed in Slovenia (-5.9%), Poland (-5.1%) and Denmark (-4.3%).

Annual comparison by main industrial grouping and by Member State

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

decreased by 2.3% for intermediate goods,
decreased by 3.5% for energy,
increased by 1.8% for capital goods,
decreased by 8.3% for durable consumer goods,
decreased by 7.0% for non-durable consumer goods.

In the EU, industrial production

decreased by 2.2% for intermediate goods,
decreased by 2.6% for energy,
increased by 1.5% for capital goods,
decreased by 7.5% for durable consumer goods,
decreased by 5.1% for non-durable consumer goods.

The largest annual decreases were recorded in Finland (-7.7%), Bulgaria (-7.6%) and Austria (-7.0%). The highest increases were observed in Ireland (+37.0%), Cyprus (+8.5%) and Romania (+3.5%).

Industrial production in March 2024

Tables

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

-0.5	0.4	1.6	-3.2	1.0	0.6
-0.5	-0.7	-1.3	2.2	0.8	-0.5
1.1	2.0	0.7	0.8	-3.4	-0.9
-0.9	0.5	11.6	-15.6	1.7	1.0
0.0	-1.7	0.2	-1.1	1.5	-1.1
-1.1	2.5	-0.6	-0.4	-0.3	-2.7

-0.2	0.3	1.5	-2.8	0.9	0.2
-0.4	-0.8	-0.7	1.3	1.1	-0.5
1.8	1.4	0.7	0.6	-3.7	-0.2
-0.5	0.3	10.3	-13.8	1.6	0.7
0.1	-1.7	0.4	-1.0	1.6	-1.0
-0.6	2.4	-0.5	-0.5	-0.1	-2.7

Industrial production % change compared with previous month*
	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24
-0.5	0.4	1.6	-3.2	1.0	0.6
-0.2	0.3	1.5	-2.8	0.9	0.2
5.2	-4.1	5.2	-4.1	0.1	6.8
1.9	-4.4	4.0	-4.1	0.2	-0.9
2.6	-1.4	3.0	-3.1	2.2	-1.7
4.8	3.6	0.0	-1.6	1.3	-4.3
0.0	0.1	-1.8	1.0	1.2	-0.7
-0.1	3.3	5.1	-8.4	2.3	1.2
-6.8	7.3	19.7	-28.3	5.7	12.8
6.1	-4.2	0.9	3.4	-2.1	-1.3
0.5	0.6	-0.8	1.0	1.4	-1.0
-0.7	0.6	0.4	-1.0	0.3	-0.3
-0.9	2.1	-4.0	0.0	-4.6	1.5
-0.1	-1.3	1.2	-1.5	0.0	-0.5
-0.7	0.5	0.7	-0.5	0.0	2.9
-0.4	-1.4	1.4	-1.4	2.5	-0.5
-3.7	-0.1	-2.6	3.9	-2.8	3.2
3.1	-1.0	1.2	-2.7	-1.0	4.5
0.2	-2.8	0.5	-0.9	3.6	-3.0
-2.9	2.5	5.0	-8.9	1.5	1.6
-1.0	0.1	3.5	-3.7	0.7	-1.0
-1.5	-1.6	2.1	-2.0	-0.1	-1.3
0.7	-0.4	0.2	0.5	0.0	-5.1
1.6	3.4	-1.9	3.0	0.3	2.6
-2.3	-0.2	1.6	-3.4	3.3	3.8
0.0	3.8	-8.0	7.5	3.1	-5.9
2.1	-3.0	4.0	-2.7	0.2	-1.2
0.5	-0.3	-3.0	3.8	-0.3	-3.9
1.8	-0.5	1.3	0.0	-1.1	1.4
12.4	2.5	1.6	2.0	-4.2	3.8
-1.2	-4.8	5.6	:	:	:

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

-6.2	-5.2	0.2	-6.5	-6.3	-1.0
-4.4	-5.6	-3.4	-2.9	-2.4	-2.3
-1.3	0.7	-1.7	0.3	-4.1	-3.5
-6.4	-4.7	4.7	-11.2	-8.9	1.8
-4.0	-5.5	-3.1	-7.2	-4.3	-8.3
-8.4	-7.1	-5.2	-3.8	-5.2	-7.0

-4.9	-4.3	0.3	-5.5	-5.2	-1.0
-4.5	-5.8	-3.5	-3.4	-2.3	-2.2
-0.1	0.7	-0.8	0.5	-3.9	-2.6
-5.0	-3.8	4.5	-9.5	-7.6	1.5
-5.1	-6.1	-4.3	-7.3	-4.2	-7.5
-5.8	-4.4	-3.0	-1.7	-3.7	-5.1

Industrial production % change compared with same month of the previous year*
	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24
-6.2	-5.2	0.2	-6.5	-6.3	-1.0
-4.9	-4.3	0.3	-5.5	-5.2	-1.0
-9.3	-15.0	-5.1	-4.9	-8.5	-3.2
-5.2	-12.0	-5.4	-9.2	-8.0	-7.6
1.1	-2.8	-0.5	-0.4	0.7	-2.7
10.6	12.2	8.6	8.4	5.4	2.4
-3.8	-4.8	-4.3	-5.2	-6.0	-4.3
-13.5	-6.2	-3.4	-10.4	-5.6	-5.8
-34.1	-19.9	36.0	-32.1	-35.9	37.0
10.7	3.3	4.6	10.4	1.5	-0.6
-1.4	0.2	-2.0	0.4	3.7	0.5
2.9	1.4	0.5	1.1	-0.6	0.5
1.0	4.7	-1.0	-1.3	-5.7	-5.0
-0.7	-2.4	-1.5	-3.7	-3.3	-3.5
3.1	1.6	2.7	1.9	0.7	8.5
-0.8	-6.1	-1.2	-2.6	1.3	0.7
-3.4	-3.5	-5.1	-0.3	-1.0	1.5
-3.7	-5.2	-1.4	-4.4	-7.9	-1.0
-2.1	-5.2	-7.3	-3.6	1.8	-2.8
0.1	4.2	7.2	-5.2	-5.7	-3.2
-3.9	-3.8	-1.3	-3.0	-2.2	-4.9
-2.6	-5.7	-1.4	-4.8	-6.0	-7.0
1.6	-0.9	-0.5	1.0	1.2	-3.1
-3.9	-1.6	-5.2	-1.7	0.7	3.4
-2.0	-2.5	1.0	-4.1	-1.7	3.5
-2.2	-2.7	-11.0	-3.5	2.5	-6.9
8.4	2.0	4.8	3.5	0.1	-6.9
-0.3	0.3	-7.5	-0.7	1.5	-7.7
0.3	3.3	2.8	-1.2	-3.3	3.1
-1.6	2.5	7.7	8.3	2.0	4.7
0.8	-1.2	-0.3	:	:	:

Production indices for total industry, calendar and seasonally adjusted (base year 2021)
	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24
97.7	98.1	99.7	96.5	97.5	98.1
99.2	99.5	101.0	98.2	99.1	99.3
92.3	88.5	93.1	89.3	89.4	95.5
103.3	98.8	102.8	98.6	98.8	97.9
101.1	99.7	102.7	99.5	101.7	100.0
124.9	129.4	129.4	127.3	128.9	123.4
94.9	95.0	93.3	94.2	95.3	94.6
84.7	87.5	92.0	84.3	86.2	87.2
97.0	104.1	124.6	89.3	94.4	106.5
109.9	105.3	106.3	109.9	107.6	106.2
101.4	102.0	101.2	102.2	103.6	102.6
100.2	100.8	101.2	100.2	100.5	100.2
101.4	103.5	99.4	99.4	94.8	96.2
97.6	96.3	97.5	96.0	96.0	95.5
105.4	105.9	106.6	106.1	106.1	109.2
96.8	95.4	96.7	95.3	97.7	97.2
101.1	101.0	98.4	102.2	99.3	102.5
93.0	92.1	93.2	90.7	89.8	93.8
101.2	98.4	98.9	98.0	101.5	98.5
105.5	108.1	113.5	103.4	104.9	106.6
100.0	100.1	103.6	99.8	100.5	99.5
101.9	100.3	102.4	100.4	100.3	99.0
110.5	110.1	110.3	110.8	110.8	105.2
95.7	99.0	97.1	100.0	100.3	102.9
97.8	97.6	99.2	95.8	99.0	102.8
93.6	97.2	89.4	96.1	99.1	93.3
98.4	95.4	99.2	96.5	96.7	95.5
101.5	101.2	98.2	101.9	101.6	97.6
102.4	101.9	103.2	103.2	102.1	103.5
99.9	102.4	104.0	106.1	101.6	105.5
109.2	104.0	109.8	:	:	:

Production indices for total industry, calendar adjusted (base year 2021)
	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24
103.5	105.2	95.1	94.2	94.5	104.2
105.0	106.4	96.8	95.7	96.2	105.9
99.5	89.2	91.5	85.8	85.9	104.5
107.3	102.2	105.4	93.7	93.6	101.6
107.5	108.6	95.1	95.7	98.1	107.9
125.1	133.6	133.8	129.3	125.8	131.9
97.7	101.5	89.3	88.1	92.9	102.9
90.6	91.1	88.4	80.7	81.3	92.9
116.0	136.0	116.8	105.1	71.9	90.0
109.4	103.0	106.7	100.6	105.6	108.2
105.2	106.4	92.3	100.2	104.9	108.3
105.7	105.0	102.5	103.4	100.2	108.8
108.7	107.1	95.1	90.2	92.6	103.2
106.2	100.5	86.2	90.6	98.6	105.5
107.7	106.6	107.0	97.4	99.6	109.9
103.1	100.8	102.1	74.4	83.6	96.9
107.0	105.6	98.7	98.3	93.7	105.0
99.4	94.8	86.2	86.3	88.9	103.7
105.9	103.5	89.5	92.7	102.3	105.7
111.0	109.2	100.6	98.9	99.2	111.3
103.4	103.4	104.1	97.4	96.7	106.4
106.8	106.4	102.8	91.1	96.2	107.5
116.5	114.5	106.6	106.1	107.5	115.2
97.8	103.0	89.0	101.6	97.7	109.2
102.9	102.5	94.5	91.3	94.9	108.5
97.6	102.1	80.1	93.0	96.9	103.7
105.5	102.8	87.5	96.6	100.1	100.9
105.8	104.0	107.5	99.5	95.7	102.6
110.1	108.9	105.9	101.4	101.0	117.2
104.3	107.1	109.9	115.9	100.6	112.3
115.6	107.6	108.2	:	:	:

Notes for users

Revisions and timetable

Compared with data issued in the News Release of 15 April 2024, the monthly percentage change for February 2024 has been revised from +0.8% to +1.0% in the euro area and from +0.7% to +0.9% in the EU. The annual percentage change has been revised from -6.4% to -6.3% in the euro area and from -5.4% to -5.2% 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%3D4-15052024-bp

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 up by 0.6% in the euro area and by 0.2% 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