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CliQ INDIA > International > Foreign > Services production down by 0.5% in the euro area and by 0.2% in the EU
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Services production down by 0.5% in the euro area and by 0.2% in the EU

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Overview

In September 2024, compared with August 2024, seasonally adjusted services production decreased by 0.5% 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 August 2024, services production grew by 0.5% in both the euro area and the EU.

In September 2024, compared with September 2023, services production increased by 1.2% in the euro area and by 1.0% in the EU.

Monthly comparison by service industry and by Member State

In the euro area in September 2024, compared with August 2024, services production

  • decreased for transportation and storage by 0.8%,

  • remained stable for accommodation and food services,

  • decreased for information and communication by 1.0%,

  • increased for real estate activities by 0.4%,

  • decreased for professional, scientific, and technical activities by 0.7%,

  • decreased for administrative and support services by 0.3%.

In the EU, services production

  • decreased for transportation and storage by 0.2%,

  • decreased for accommodation and food services by 0.4%,

  • increased for information and communication by 0.3%,

  • increased for real estate activities by 0.3%,

  • increased for professional, scientific, and technical activities by 0.1%,

  • increased for administrative and support services by 0.2%.

Among Member States for which data are available, the largest monthly decreases were recorded in Denmark (-4.4%), Poland (-1.8%) and Slovenia (-1.4%). The highest increases were observed in Greece (+4.8%), Croatia (+2.1%) and Estonia (+1.6%).

Annual comparison by service industry and by Member State

In the euro area in September 2024, compared with September 2023, services production

  • increased for transportation and storage by 1.1%,

  • decreased for accommodation and food services by 2.9%,

  • increased for information and communication by 3.3%,

  • increased for real estate activities by 0.8%,

  • increased for professional, scientific, and technical activities by 1.8%,

  • increased for administrative and support services by 0.4%.

In the EU, services production

  • remained stable for transportation and storage,

  • decreased for accommodation and food services by 2.6%,

  • increased for information and communication by 4.1%,

  • increased for real estate activities by 0.6%,

  • increased for professional, scientific, and technical activities by 1.5%,

  • increased for administrative and support services by 0.5%.

Among Member States for which data are available, the highest annual increases were recorded in Luxembourg (+9.6%), Malta (+7.8%) and Bulgaria (+7.0%). The largest decreases were observed in Denmark (-9.8%), Romania (-6.4%) and Austria (-5.3%).

Tables

Services production

% change compared with previous month*

2024

Apr

May

Jun

Jul

Aug

Sep

 

 

 

 

 

 

1.1

-0.3

-1.2

1.0

0.5

-0.5

2.5

-1.7

-1.5

2.0

-0.2

-0.8

-0.7

1.5

-1.0

-0.1

0.0

0.0

1.2

0.2

-1.7

1.2

1.2

-1.0

-0.2

1.1

-1.3

1.5

-0.3

0.4

2.8

-0.7

-1.0

2.5

-0.7

-0.7

0.9

-0.6

-1.5

2.0

-0.9

-0.3

 

 

 

 

 

 

0.9

0.0

-1.3

0.6

0.5

-0.2

2.1

-1.1

-1.8

1.5

-0.2

-0.2

-0.6

1.7

-1.0

0.2

-0.1

-0.4

0.5

0.2

-1.1

0.1

1.5

0.3

-0.9

0.8

-1.2

1.3

-0.5

0.3

2.5

-0.4

-0.7

0.8

-0.3

0.1

0.8

-0.3

-1.4

1.3

-0.6

0.2

Services production

% change compared with previous month*

2024

Apr

May

Jun

Jul

Aug

Sep

1.1

-0.3

-1.2

1.0

0.5

-0.5

0.9

0.0

-1.3

0.6

0.5

-0.2

0.2

0.3

-0.8

1.3

-1.7

-0.9

2.5

-1.1

0.9

1.6

0.2

0.3

0.9

-0.6

0.0

0.5

-0.9

0.2

2.6

-0.9

-3.7

3.7

-2.3

-4.4

0.2

0.1

-0.8

0.6

0.1

-0.1

2.3

-1.3

0.3

0.2

0.0

1.6

c

c

c

c

c

c

5.1

-3.1

-3.3

-0.7

-2.2

4.8

0.6

0.1

-0.8

1.4

-0.4

1.2

3.8

-1.2

-1.7

1.0

2.3

-1.3

0.9

0.5

-0.3

0.5

-1.2

2.1

1.6

-0.5

-1.6

1.3

-1.9

1.0

c

c

c

c

c

c

0.8

0.0

-1.0

-0.4

-1.2

1.4

-0.8

-0.1

0.8

1.5

-1.9

0.4

1.0

0.8

1.4

1.3

0.1

-0.5

2.9

1.7

-1.3

2.3

-3.1

0.5

-0.6

1.5

1.1

0.8

-0.3

0.7

c

c

c

c

c

c

-0.1

-0.1

-1.0

0.8

-0.6

-0.6

1.7

-0.5

0.3

3.3

-1.8

-1.8

:

:

:

:

:

:

-1.0

15.4

-15.8

-0.9

1.2

-0.6

0.8

-1.8

-2.8

1.3

1.9

-1.4

0.3

-2.5

1.6

1.7

0.4

0.1

-0.5

0.4

0.5

0.2

0.5

-1.1

-7.6

1.5

4.4

c

c

c

Services production

% change compared with same month of the previous year*

2024

Apr

May

Jun

Jul

Aug

Sep

 

 

 

 

 

 

3.9

1.9

-0.3

1.2

1.7

1.2

3.5

0.0

-1.7

1.0

1.5

1.1

-1.7

1.0

-1.5

-2.2

0.5

-2.9

7.6

6.2

2.5

3.6

4.6

3.3

-0.6

1.8

-0.4

0.6

1.2

0.8

5.0

1.2

-1.0

2.1

1.3

1.8

3.0

0.2

-0.3

0.9

0.4

0.4

 

 

 

 

 

 

3.6

2.1

-0.3

1.1

1.6

1.0

2.6

0.4

-2.7

-0.3

0.5

0.0

-1.5

1.2

-1.4

-1.9

0.8

-2.6

6.9

6.1

2.6

3.7

5.0

4.1

0.2

2.3

-0.8

1.1

1.4

0.6

4.7

1.4

-0.9

2.1

1.0

1.5

2.4

0.3

-0.2

0.9

0.3

0.5

Services production

% change compared with same month of the previous year*

2024

Apr

May

Jun

Jul

Aug

Sep

3.9

1.9

-0.3

1.2

1.7

1.2

3.6

2.1

-0.3

1.1

1.6

1.0

3.4

3.7

0.7

3.2

1.7

0.2

6.3

1.9

4.0

8.6

5.7

7.0

3.4

2.5

0.5

4.1

2.2

1.7

0.9

4.2

-8.6

-6.9

-5.7

-9.8

0.8

-0.9

-1.2

-0.9

-0.5

0.0

7.0

0.7

1.0

0.9

0.2

5.9

c

c

c

c

c

c

5.2

-8.6

-7.8

-6.7

-7.3

-1.5

3.1

3.6

1.5

4.1

4.2

5.5

6.3

2.7

0.5

1.2

4.6

2.8

5.0

4.3

-0.4

4.4

3.0

-0.3

4.1

1.9

-2.6

0.6

-4.7

-1.0

c

c

c

c

c

c

-4.1

-3.2

-5.7

-4.4

-3.7

-3.6

7.0

6.0

7.5

8.8

4.4

3.8

15.2

11.3

8.2

10.8

13.8

9.6

-1.9

4.2

2.7

7.4

-0.9

0.9

6.5

9.8

13.7

15.1

8.6

7.8

c

c

c

c

c

c

-2.8

-3.7

-5.1

-4.4

-4.7

-5.3

4.8

2.7

2.9

9.4

5.6

2.7

:

:

:

:

:

:

-5.1

11.5

-6.5

-8.6

-4.9

-6.4

4.2

1.6

0.8

1.3

2.1

-0.2

3.3

-1.1

1.0

3.6

1.3

1.9

-1.8

-1.2

0.2

1.8

2.5

0.1

0.5

0.5

0.2

c

c

c

Services production, calendar and seasonally adjusted indices

(base year 2021)

2024

Apr

May

Jun

Jul

Aug

Sep

115.7

115.4

114.0

115.1

115.7

115.1

115.6

115.6

114.1

114.8

115.4

115.2

114.3

114.6

113.7

115.2

113.2

112.2

117.4

116.1

117.1

119.0

119.2

119.5

106.3

105.7

105.7

106.2

105.2

105.4

116.3

115.3

111.0

115.1

112.4

107.5

111.6

111.7

110.8

111.5

111.6

111.5

119.4

117.9

118.3

118.5

118.5

120.4

c

c

c

c

c

c

132.4

128.3

124.1

123.2

120.5

126.3

118.8

118.9

118.0

119.6

119.1

120.5

118.8

117.4

115.4

116.5

119.2

117.7

114.6

115.2

114.8

115.4

114.0

116.4

114.5

113.9

112.1

113.6

111.4

112.5

c

c

c

c

c

c

112.4

112.4

111.3

110.9

109.6

111.1

113.4

113.3

114.2

115.9

113.7

114.1

116.8

117.7

119.3

120.9

121.0

120.4

110.1

112.0

110.6

113.1

109.6

110.2

128.6

130.5

132.0

133.1

132.7

133.6

c

c

c

c

c

c

105.3

105.2

104.2

105.0

104.4

103.8

121.4

120.8

121.2

125.2

123.0

120.8

:

:

:

:

:

:

131.4

151.7

127.7

126.6

128.1

127.3

118.3

116.2

113.0

114.5

116.7

115.1

97.5

95.1

96.6

98.2

98.6

98.7

106.9

107.3

107.8

108.0

108.5

107.3

107.5

109.1

113.9

c

c

c

Services production, calendar adjusted indices
(base year 2021)

2024

Apr

May

Jun

Jul

Aug

Sep

113.1

112.6

116.2

114.6

113.0

115.5

113.3

112.8

116.4

114.6

113.0

115.6

112.4

110.6

120.6

110.3

102.0

114.6

112.0

111.5

123.3

129.0

125.7

122.1

103.8

103.5

113.7

104.3

98.5

106.2

119.7

109.2

113.9

112.5

103.6

108.9

107.4

110.0

111.4

112.8

108.1

111.6

118.8

122.4

120.0

116.2

117.3

123.4

c

c

c

c

c

c

108.4

126.0

146.8

155.1

142.5

148.8

115.8

116.8

122.8

129.2

111.4

121.4

118.1

109.4

117.0

98.9

129.3

115.8

112.1

122.6

132.8

146.4

136.6

125.2

115.5

116.9

113.3

130.2

91.5

114.0

c

c

c

c

c

c

108.7

109.5

111.5

112.1

110.4

114.9

111.0

114.2

115.2

115.3

113.3

118.7

114.7

114.5

119.9

121.4

109.7

117.5

104.8

108.9

108.4

115.7

113.1

115.3

123.6

135.4

140.4

138.6

134.4

131.3

c

c

c

c

c

c

100.5

97.2

101.5

108.4

100.3

101.4

119.2

115.9

124.0

124.4

120.5

124.8

:

:

:

:

:

:

127.7

149.4

133.5

130.1

128.1

130.7

115.5

117.3

117.8

114.6

111.7

119.8

95.0

93.6

99.5

97.8

92.8

100.8

103.8

107.7

112.4

98.1

105.3

109.0

110.6

111.0

112.6

c

c

c

Notes for users

Revisions and timetable

Compared with data issued in the News Release of 8 November 2024, the monthly percentage increase for August 2024 has been revised from +0.4% to +0.5% in both the euro area and the EU. The annual percentage increase has been revised from +2.0% to +1.7% in the euro area and from +2.2% to +1.6% in the EU.

Methods and definitions

The index of services production is a business indicator that measures the monthly changes in the production volume of the services industries (excluding financial and public services).

Seasonally adjusted euro area and EU series are calculated by aggregating the seasonally adjusted national data.

In this release, total services cover NACE Rev.2 sections H to N, excluding K. Missing observations from Member States for recent months are estimated for the calculation of the euro area and the EU aggregates.

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%3D4-06122024-bp

Contents
OverviewMonthly comparison by service industry and by Member StateAnnual comparison by service industry and by Member StateTablesNotes for usersRevisions and timetableMethods and definitionsGeographical informationFor more information

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