Industrial production down by 0.6% in the euro area and by 0.8% in the EU (2024)

Euro indicators 15 July 2024 Next release: 14 August 2024

May 2024 compared with April 2024

Skip to the content

Before printing

Printing can have negative environmental impacts due to paper waste. We encourage you to explore eco-friendly alternatives. Bookmarking this page in your browser allows you to access it anytime.

This publication can also be converted to PDF, if you have a PDF printer installed on your computer. PDF printers function as virtual printers, enabling you to create digital copies of web pages and access the content offline.

Down by 2.9% in the euro area and by 2.5% in the EU compared with May 2023

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.

Industrial production down by 0.6% in the euro area and by 0.8% in the EU (1)

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 down by 0.6% in the euro area and by 0.8% in the EU (2)

Tables

Industrial production

% change compared with previous month*

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

Total industry

1.5

-2.2

0.0

0.5

0.0

-0.6

Intermediate goods

-1.4

2.2

0.4

-0.3

-0.3

-1.0

Energy

0.3

1.1

-3.2

-0.1

-0.2

0.8

Capital goods

11.4

-15.4

1.9

0.9

0.7

-1.2

Durable consumer goods

0.1

-1.4

1.2

-0.6

0.4

-1.8

Non-durable consumer goods

-0.4

-0.4

-0.4

-2.7

3.6

1.6

EU

Total industry

1.3

-2.0

0.2

0.0

0.5

-0.8

Intermediate goods

-0.8

1.4

0.8

-0.3

-0.3

-1.0

Energy

0.5

0.8

-3.3

0.2

0.0

0.4

Capital goods

10.3

-13.7

1.7

0.6

0.5

-1.2

Durable consumer goods

0.3

-1.3

1.4

-0.6

0.9

-2.1

Non-durable consumer goods

-0.4

-0.5

-0.1

-2.6

4.0

0.8

* Calendar and seasonally adjusted

Source dataset: sts_inpr_m

Industrial production down by 0.6% in the euro area and by 0.8% in the EU (3)

Industrial production

% change compared with previous month*

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

1.5

-2.2

0.0

0.5

0.0

-0.6

EU

1.3

-2.0

0.2

0.0

0.5

-0.8

Belgium

5.2

-3.4

0.2

3.7

0.3

2.5

Bulgaria

4.0

-4.1

0.2

-0.4

2.8

-3.4

Czechia

3.0

-3.1

2.1

-1.7

0.6

-2.2

Denmark

-0.5

-0.9

1.2

-2.5

10.5

-4.9

Germany

-2.1

1.0

0.7

-0.3

0.4

-2.4

Estonia

5.1

-8.3

2.4

1.2

-1.6

3.8

Ireland**

20.1

-20.0

-5.0

10.7

-3.3

6.7

Greece

0.9

3.5

-1.8

-1.6

7.5

-3.1

Spain

-1.0

1.0

1.2

-1.3

-0.1

-0.2

France

0.3

-1.2

0.4

-0.2

0.6

-2.1

Croatia

-4.2

-0.3

-2.5

0.5

0.0

2.5

Italy

1.2

-1.5

0.0

-0.5

-1.0

0.5

Cyprus

0.6

-0.5

0.7

2.2

-1.7

1.9

Latvia

1.2

-1.5

2.2

-0.7

-4.8

3.1

Lithuania

-2.6

3.9

-2.8

4.0

3.9

-1.3

Luxembourg

1.2

-2.4

-1.1

4.7

-6.3

3.9

Hungary

0.4

-0.9

3.4

-3.2

-0.7

-1.0

Malta

5.5

-9.2

3.1

2.4

0.6

1.3

Netherlands

3.3

-2.6

1.0

-0.9

0.5

-0.4

Austria

2.2

-1.9

-0.2

0.3

0.5

-2.1

Poland

0.2

0.5

0.0

-5.1

6.7

-2.6

Portugal

-1.9

3.0

0.6

2.9

-2.1

-3.3

Romania

1.6

-3.4

3.3

4.0

-1.8

-6.2

Slovenia

-8.8

8.8

3.2

-6.3

10.0

-7.3

Slovakia

3.3

-2.4

1.3

-1.5

2.4

-1.4

Finland

-3.1

3.5

-0.2

-4.7

0.4

1.1

Sweden

1.1

-0.4

-0.7

0.5

-2.6

1.4

Norway

1.4

1.8

-4.3

3.8

-0.5

0.2

Switzerland

2.5

-1.8

-0.8

2.3

:

:

* Calendar and seasonally adjusted

**CSO Ireland is carrying out a review of the seasonal adjustment methodology for industrial production.

: Data not available

Source dataset: sts_inpr_m

Industrial production down by 0.6% in the euro area and by 0.8% in the EU (4)

Industrial production

% change compared with same month of the previous year*

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

Total industry

0.2

-6.5

-6.3

-1.2

-3.1

-2.9

Intermediate goods

-3.6

-3.1

-2.8

-2.8

-2.1

-3.5

Energy

-1.9

0.7

-3.4

-2.1

-1.9

0.7

Capital goods

4.6

-10.9

-9.1

1.7

-5.2

-6.5

Durable consumer goods

-3.0

-7.6

-4.2

-7.7

-3.1

-4.2

Non-durable consumer goods

-5.2

-3.7

-5.0

-7.2

0.6

2.8

EU

Total industry

0.3

-5.4

-5.2

-1.1

-2.1

-2.5

Intermediate goods

-3.7

-3.6

-2.7

-2.5

-1.8

-3.1

Energy

-1.0

0.9

-3.3

-1.6

-1.3

1.2

Capital goods

4.3

-9.3

-7.9

1.3

-4.8

-6.3

Durable consumer goods

-4.2

-7.6

-4.1

-6.9

-2.3

-4.1

Non-durable consumer goods

-2.9

-1.6

-3.4

-5.0

2.8

3.3

* Calendar adjusted

Source dataset: sts_inpr_m

Industrial production down by 0.6% in the euro area and by 0.8% in the EU (5)

Industrial production

% change compared with same month of the previous year*

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

0.2

-6.5

-6.3

-1.2

-3.1

-2.9

EU

0.3

-5.4

-5.2

-1.1

-2.1

-2.5

Belgium

-5.1

-4.1

-7.8

-5.9

2.8

2.6

Bulgaria

-5.4

-9.2

-8.0

-7.7

-0.3

-6.3

Czechia

-0.3

-0.3

0.7

-2.9

-0.4

-3.2

Denmark

8.6

8.4

4.6

4.0

18.4

9.6

Germany

-4.5

-5.1

-6.4

-5.0

-3.7

-6.6

Estonia

-3.4

-10.2

-5.3

-5.6

-4.8

-1.3

Ireland

36.0

-32.1

-35.9

38.5

-15.9

8.7

Greece

4.6

10.4

1.9

-0.6

11.8

6.8

Spain

-2.0

0.4

3.7

-0.3

0.3

0.2

France

0.7

0.9

-0.6

0.6

1.2

-3.2

Croatia

-1.0

-1.4

-5.2

-5.0

-2.0

-3.3

Italy

-1.5

-3.7

-3.4

-3.3

-3.0

-3.3

Cyprus

2.6

1.9

2.2

8.1

2.9

5.0

Latvia

-1.3

-2.6

1.1

0.5

-7.8

-0.9

Lithuania

-5.1

-0.3

-1.0

2.3

2.3

4.7

Luxembourg

-1.6

-4.2

-7.9

-0.9

-5.5

-1.1

Hungary

-7.4

-3.6

1.8

-3.1

-2.5

-4.9

Malta

8.2

-4.9

-3.6

-0.2

3.1

1.2

Netherlands

-1.3

-2.5

-1.1

-3.8

-1.9

-1.6

Austria

-1.4

-4.7

-6.0

-4.5

-3.5

-6.2

Poland

-0.5

1.0

1.2

-3.1

4.7

-0.4

Portugal

-5.2

-1.7

1.0

4.2

5.1

0.6

Romania

1.0

-4.1

-1.7

3.7

3.7

-6.9

Slovenia

-11.0

-3.6

2.6

-7.4

12.9

-5.0

Slovakia

4.9

3.5

0.1

-6.9

6.2

0.0

Finland

-7.6

-1.0

1.5

-9.1

-6.4

-5.3

Sweden

2.7

-1.6

-2.7

2.7

-3.5

-0.7

Norway

7.7

8.3

1.7

4.6

3.5

5.9

Switzerland

-0.9

-2.1

-2.0

-3.8

:

:

* Calendar adjusted

: Data not available

Source dataset: sts_inpr_m

Industrial production down by 0.6% in the euro area and by 0.8% in the EU (6)

Production indices for total industry, calendar and seasonally adjusted

(base year 2021)

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

99.5

97.3

97.3

97.8

97.8

97.2

EU

100.8

98.8

99.0

99.0

99.5

98.7

Belgium

93.1

89.9

90.1

93.4

93.7

96.0

Bulgaria

102.8

98.6

98.8

98.4

101.2

97.8

Czechia

102.8

99.6

101.7

100.0

100.6

98.4

Denmark

129.0

127.8

129.3

126.1

139.3

132.5

Germany

93.3

94.2

94.9

94.6

95.0

92.7

Estonia

92.0

84.4

86.4

87.4

86.0

89.3

Ireland*

122.9

98.3

93.4

103.4

100.0

106.7

Greece

106.4

110.1

108.1

106.4

114.4

110.9

Spain

100.7

101.7

102.9

101.6

101.5

101.3

France

101.3

100.1

100.5

100.3

100.9

98.8

Croatia

98.9

98.6

96.1

96.6

96.6

99.0

Italy

97.4

95.9

95.9

95.4

94.4

94.9

Cyprus

106.5

106.0

106.7

109.1

107.2

109.2

Latvia

96.1

94.7

96.8

96.1

91.5

94.3

Lithuania

98.4

102.2

99.3

103.3

107.3

105.9

Luxembourg

93.0

90.8

89.8

94.0

88.1

91.5

Hungary

98.7

97.8

101.1

97.9

97.2

96.2

Malta

114.9

104.3

107.5

110.1

110.8

112.2

Netherlands

103.2

100.5

101.5

100.6

101.1

100.7

Austria

102.6

100.7

100.5

100.8

101.3

99.2

Poland

110.3

110.8

110.8

105.2

112.3

109.4

Portugal

97.1

100.0

100.6

103.5

101.3

98.0

Romania

99.2

95.8

99.0

103.0

101.1

94.8

Slovenia

89.0

96.8

99.9

93.6

103.0

95.5

Slovakia

99.1

96.7

98.0

96.5

98.8

97.4

Finland

97.9

101.3

101.1

96.3

96.7

97.8

Sweden

103.1

102.7

102.0

102.5

99.8

101.2

Norway

103.4

105.3

100.8

104.6

104.1

104.3

Switzerland

108.4

106.4

105.6

108.0

:

:

* CSO Ireland is carrying out a review of the seasonal adjustment methodology for industrial production.

: Data not available

Source dataset: sts_inpr_m

Industrial production down by 0.6% in the euro area and by 0.8% in the EU (7)

Production indices for total industry, calendar adjusted

(base year 2021)

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

95.1

94.2

94.6

104.4

96.5

95.9

EU

96.8

95.7

96.3

106.1

98.3

97.5

Belgium

91.5

86.5

86.6

101.6

89.6

95.1

Bulgaria

105.4

93.7

93.6

101.5

98.5

93.2

Czechia

95.3

95.8

98.1

107.9

100.0

99.8

Denmark

133.8

129.3

124.8

134.0

135.8

131.7

Germany

89.3

88.0

92.8

103.0

93.6

90.7

Estonia

88.4

80.9

81.5

93.1

86.0

93.3

Ireland

116.8

105.1

71.9

91.0

98.3

89.1

Greece

106.7

100.6

106.0

108.1

113.6

111.5

Spain

92.3

100.2

104.9

107.6

101.7

106.5

France

102.7

103.3

100.4

109.0

100.5

93.7

Croatia

95.1

90.2

93.0

103.2

96.6

101.5

Italy

86.1

90.6

98.6

105.8

93.1

101.9

Cyprus

107.0

97.4

101.0

109.6

103.7

113.8

Latvia

102.1

74.5

83.5

96.8

88.9

97.1

Lithuania

98.7

98.3

93.7

105.8

103.8

108.5

Luxembourg

86.0

86.5

88.9

103.9

90.1

91.0

Hungary

89.5

92.7

102.3

105.5

95.5

97.3

Malta

101.5

99.2

101.4

114.8

108.4

115.1

Netherlands

104.1

98.0

97.8

107.6

99.4

100.4

Austria

102.8

91.2

96.2

110.4

100.6

97.9

Poland

106.6

106.1

107.5

115.2

111.2

107.8

Portugal

89.0

101.6

98.0

110.0

99.4

101.5

Romania

94.5

91.3

94.9

108.7

99.2

97.8

Slovenia

80.1

92.9

97.0

103.2

101.8

99.4

Slovakia

87.6

96.6

100.1

100.9

99.9

102.8

Finland

107.4

99.2

95.7

101.1

95.5

97.8

Sweden

105.8

101.0

101.7

116.8

100.6

100.9

Norway

109.9

115.9

100.4

112.2

103.5

100.9

Switzerland

107.6

103.4

99.4

120.2

:

:

: Data not available

Source dataset: sts_inpr_m

Industrial production down by 0.6% in the euro area and by 0.8% in the EU (8)

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

  • Database section on short-term business statistics

  • Statistics Explained article on the industrial production index

  • The weights of the Member States in the EU and euro area aggregates
    (see file Base year 2021 weights - Euro indicators releases)

  • Euro indicators dashboard

  • Release calendar for Euro indicators

  • European Statistics Code of Practice

Get in touch

Media requests

Eurostat Media Support

Phone: (+352) 4301 33 408

E-mail: eurostat-mediasupport@ec.europa.eu

Further information on data

E-mail: ESTAT-STS-DATA@ec.europa.eu

Share component will be rendered here.

'; /** Retrieve the order from the tooltip option */ var sortOrder = option.tooltip.order; /** Sort the 'params' array based on the 'sortOrder' parameter. */ switch (sortOrder) { /** Sort by series name in ascending order. */ case 'seriesAsc': params = params.sort((a, b) => a.seriesName.localeCompare(b.seriesName)); break; /** Sort by series name in descending order. */ case 'seriesDesc': params = params.sort((a, b) => b.seriesName.localeCompare(a.seriesName)); break; /** Sort by numerical value in ascending order. */ case 'valueAsc': params = params.sort((a, b) => parseFloat(a.value) - parseFloat(b.value)); break; /** Sort by numerical value in descending order. */ case 'valueDesc': params = params.sort((a, b) => parseFloat(b.value) - parseFloat(a.value)); break; /** Reverse the current order. */ case 'reverse': params.reverse(); break; default: break; } /** Iterate over each series in the tooltip parameters */ for (var i = 0; i < params.length; i++) { /** Retrieve the name and value of the current series */ var seriesName = params[i].seriesName; var value = params[i].value; /** Replace every specific apostrphe by simple one. */ seriesName = seriesName.replaceAll("’", "'"); /** Convert the numeric value to its string representation. */ var strValue = String(value); /** Retrieve the axis used as value */ var axis = option.yAxis.type === 'value' ? option.yAxis : option.xAxis; /** Initialize the number of decimal places */ var decimals = option.tooltip.decimals; /** Check if decimals configuration is set to default and the value contains decimal places */ if (!decimals && strValue.indexOf('.') > -1) { /** Calculate the number of decimal places */ decimals = strValue.substring(strValue.indexOf('.'), strValue.length - 1).length; } else { /** If there are no decimal places, format the value with 1 decimal place */ decimals = decimals ? decimals : 1; /** Convert the value to a fixed-point notation string with a specified number of decimal places. */ value = Number(value).toFixed(decimals); } /** Convert -0 value to 0 with the specified or calculated number of decimal places.*/ if (Number(value) == -0) { value = (Number(value) + 0).toFixed(decimals); } /** Extract the unit from within the axis label */ var unit = axis.axisLabel.unit ? axis.axisLabel.unit : ''; /** Format the value using the appropriate number of decimal places */ value = isNaN(value) ? 'N/A' : Number(value).toLocaleString(option.lang ? option.lang : 'en', { minimumFractionDigits: decimals }) + unit; /** Retrieve the color of the current series */ const color = params[i].color; /** * Add the series name and value to the tooltip content * Use a circle icon with the series color */ tooltipContent += '

' + '' + '' + '' + seriesName + '' + '' + '' + value + '' + '

'; } /** Close the tooltip content container */ tooltipContent += '

'; /** Return the formatted tooltip content */ return tooltipContent; }}/* * This content is licensed according to the W3C Software License at * https://www.w3.org/Consortium/Legal/2015/copyright-software-and-document * * File: sortable-table.js * * Desc: Adds sorting to a HTML data table that implements ARIA Authoring Practices */'use strict';class SortableTable { constructor(tableNode) { this.tableNode = tableNode; this.columnHeaders = tableNode.querySelectorAll('thead th.sortable'); this.sortColumns = []; for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (buttonNode) { this.sortColumns.push(i); // buttonNode.setAttribute('data-column-index', i); // buttonNode.addEventListener('click', this.handleClick.bind(this)); ch.setAttribute('data-column-index', i); ch.addEventListener('click', this.handleClick.bind(this)); } } this.optionCheckbox = document.querySelector( 'input[type="checkbox"][value="show-unsorted-icon"]' ); if (this.optionCheckbox) { this.optionCheckbox.addEventListener( 'change', this.handleOptionChange.bind(this) ); if (this.optionCheckbox.checked) { this.tableNode.classList.add('show-unsorted-icon'); } } } setColumnHeaderSort(columnIndex) { if (typeof columnIndex === 'string') { columnIndex = parseInt(columnIndex); } for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (i === columnIndex) { var value = ch.getAttribute('aria-sort'); if (value === 'ascending') { ch.setAttribute('aria-sort', 'descending'); this.sortColumn( columnIndex, 'descending', ch.classList.contains('num')); } else if (value === 'descending') { ch.removeAttribute('aria-sort'); this.sortColumn( columnIndex, 'initial', true ); } else { ch.setAttribute('aria-sort', 'ascending'); this.sortColumn( columnIndex, 'ascending', ch.classList.contains('num') ); } } else { if (ch.hasAttribute('aria-sort') && buttonNode) { ch.removeAttribute('aria-sort'); } } } } sortColumn(columnIndex, sortValue, isNumber) { function compareValues(a, b) { if (a.value === b.value) return 0; if (sortValue === 'descending') { return isNumber ? b.value - a.value : (a.value > b.value ? -1 : 1); } else { return isNumber ? a.value - b.value : (a.value < b.value ? -1 : 1); } } if (typeof isNumber !== 'boolean') { isNumber = false; } var tbodyNode = this.tableNode.querySelector('tbody'); var rowNodes = []; var dataCells = []; var rowNode = tbodyNode.firstElementChild; var index = 0; while (rowNode) { rowNodes.push(rowNode); var rowCells = rowNode.querySelectorAll('th, td'); var dataCell = rowCells[columnIndex]; var data = {}; data.index = index; if (sortValue !== 'initial') { data.value = dataCell.textContent.toLowerCase().trim(); } else { data.value = rowNode.getAttribute('initial-position').toLowerCase().trim(); } if (isNumber) { data.value = parseFloat(data.value); } dataCells.push(data); rowNode = rowNode.nextElementSibling; index += 1; } dataCells.sort(compareValues); // remove rows while (tbodyNode.firstChild) { tbodyNode.removeChild(tbodyNode.lastChild); } // add sorted rows for (var i = 0; i < dataCells.length; i += 1) { let pos = [dataCells[i].index]; if (sortValue === "initial") { rowNodes[pos].classList.remove("sorted"); } else { rowNodes[pos].classList.add("sorted"); } tbodyNode.appendChild(rowNodes[pos]); } } /* EVENT HANDLERS */ handleClick(event) { var tgt = event.currentTarget; this.setColumnHeaderSort(tgt.getAttribute('data-column-index')); } handleOptionChange(event) { var tgt = event.currentTarget; if (tgt.checked) { this.tableNode.classList.add('show-unsorted-icon'); } else { this.tableNode.classList.remove('show-unsorted-icon'); } }}$(document).ready(function() { load(); });;}());

Subscribe to receive the latest Eurostat Euro indicators releases

Subscribe
Industrial production down by 0.6% in the euro area and by 0.8% in the EU (2024)

FAQs

What is the industrial production index in the euro area? ›

Basic Info. Eurozone Industrial Production Index is at a current level of 106.00, up from 103.30 last month and up from 104.90 one year ago. This is a change of 2.61% from last month and 1.05% from one year ago.

What is the industrial production growth rate in Europe? ›

European Union Industrial Production Index is at a current level of 110.00, up from 107.20 last month and up from 109.00 one year ago. This is a change of 2.61% from last month and 0.92% from one year ago.

What is the flash estimate for inflation in the euro area? ›

The flash estimate for the euro area for May 2024, published on 31 May 2024, was 2,6%. The next flash estimate of euro area inflation with data for June 2024 is scheduled for July 2, 2024.

What is the inflation rate in the EU commission? ›

Overview. Euro area annual inflation is expected to be 2.6% in May 2024, up from 2.4% in April according to a flash estimate from Eurostat, the statistical office of the European Union.

What is the industrial sentiment in Euro area? ›

Industrial Sentiment In the Euro Area decreased to -10.10 points in June from -9.90 points in May of 2024. Industrial Sentiment in Euro Area averaged -4.69 points from 1985 until 2024, reaching an all time high of 14.80 points in October of 2021 and a record low of -37.30 points in April of 2020.

What does the Industrial Production Index tell us? ›

The industrial production index (IPI) measures levels of production in the manufacturing, mining—including oil and gas field drilling services—and electrical and gas utilities sectors.

What are the industrial yields in Europe? ›

In Europe, prime yields amounted to 5.06 percent, while in Germany, they were as low as 4.15 percent. In comparison, the Central and Eastern Europe (CEE) region could expect yields of 6.23 percent during the same period.

What is the strongest industry in Europe? ›

The highest values of industry concentration in 2021 in the EU were recorded in the following NACE sections: electricity, gas, steam and air conditioning supply (22.1% of employment concentrated in 4 largest enterprise groups), mining and quarrying (13.7%), water supply; sewerage, waste management and remediation ...

What is the fastest growing industry in Europe? ›

Banking, retail, and telecommunications will continue to be the top-spending industries in public cloud in 2024, accounting for almost a third of the overall market value. Focusing on the long term, software and information services will have the highest value CAGR in Europe, at 25%, over the five-year period.

How fast is eurozone inflation falling? ›

The European Commission on Wednesday said annual inflation in the single currency bloc is set to drop to 2.5 per cent this year, before reaching the European Central Bank's 2 per cent target in the second half of 2025.

What is the euro area inflation forecast? ›

Inflation in the Euro currency area, which hit a peak of 10.6 percent in October 2022, is set to continue to fall in 2024, as economic forecasts predict that the HICP inflation rate will be between 2.4 percent and 3.3 percent over the year.

How is euro area inflation calculated? ›

In Euro Area, the inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates. The main components of the HICP are: food, alcohol and tobacco (21 percent of the total weight), energy (11 percent), non-energy industrial goods (27 percent) and services (42 percent).

What is the euro inflation rate? ›

The euro area annual inflation rate was 2.5% in June 2024, down from 2.6% in May. A year earlier, the rate was 5.5%. European Union annual inflation was 2.6% in June 2024, down from 2.7% in May. A year earlier, the rate was 6.4%.

What is the euro core inflation rate? ›

Eurozone Core Inflation Rate is at 2.90%, compared to 2.80% last month and 6.90% last year. This is higher than the long term average of 1.77%.

Which country has the highest inflation rate in the world? ›

Venezuela, with the largest oil reserves globally, is projected to see inflation reach 230%—the highest overall.

What is the industrial productivity index? ›

The level of the Index of Industrial Production (IIP) is an abstract number, the magnitude of which represents the status of production in the industrial sector for a given period of time as compared to a reference period of time.

What is the productivity of the euro area? ›

Productivity in Euro Area is expected to be 105.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Productivity is projected to trend around 106.00 points in 2025, according to our econometric models.

What is the euro index? ›

The Euro Currency Index (EUR_I) represents the arithmetic ratio of four major currencies against the Euro: the American dollar, British sterling, the Japanese yen and the Swiss franc. All ratios are expressed in units of currency per Euro. The index was launched in 2004 by the exchange portal Stooq.com.

What is the Industrial Production Index in Germany? ›

Germany Industrial Production Index is at a current level of 92.40, down from 94.80 last month and down from 99.00 one year ago. This is a change of -2.53% from last month and -6.67% from one year ago.

Top Articles
Latest Posts
Article information

Author: Domingo Moore

Last Updated:

Views: 6742

Rating: 4.2 / 5 (53 voted)

Reviews: 92% of readers found this page helpful

Author information

Name: Domingo Moore

Birthday: 1997-05-20

Address: 6485 Kohler Route, Antonioton, VT 77375-0299

Phone: +3213869077934

Job: Sales Analyst

Hobby: Kayaking, Roller skating, Cabaret, Rugby, Homebrewing, Creative writing, amateur radio

Introduction: My name is Domingo Moore, I am a attractive, gorgeous, funny, jolly, spotless, nice, fantastic person who loves writing and wants to share my knowledge and understanding with you.