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.

Industrial production

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
Euro area
Total industry	-0.5	0.4	1.6	-3.2	1.0	0.6
Intermediate goods	-0.5	-0.7	-1.3	2.2	0.8	-0.5
Energy	1.1	2.0	0.7	0.8	-3.4	-0.9
Capital goods	-0.9	0.5	11.6	-15.6	1.7	1.0
Durable consumer goods	0.0	-1.7	0.2	-1.1	1.5	-1.1
Non-durable consumer goods	-1.1	2.5	-0.6	-0.4	-0.3	-2.7
EU
Total industry	-0.2	0.3	1.5	-2.8	0.9	0.2
Intermediate goods	-0.4	-0.8	-0.7	1.3	1.1	-0.5
Energy	1.8	1.4	0.7	0.6	-3.7	-0.2
Capital goods	-0.5	0.3	10.3	-13.8	1.6	0.7
Durable consumer goods	0.1	-1.7	0.4	-1.0	1.6	-1.0
Non-durable consumer goods	-0.6	2.4	-0.5	-0.5	-0.1	-2.7
* Calendar and seasonally adjusted Source dataset: sts_inpr_m

Industrial production % change compared with previous month*
	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24
Euro area	-0.5	0.4	1.6	-3.2	1.0	0.6
EU	-0.2	0.3	1.5	-2.8	0.9	0.2
Belgium	5.2	-4.1	5.2	-4.1	0.1	6.8
Bulgaria	1.9	-4.4	4.0	-4.1	0.2	-0.9
Czechia	2.6	-1.4	3.0	-3.1	2.2	-1.7
Denmark	4.8	3.6	0.0	-1.6	1.3	-4.3
Germany	0.0	0.1	-1.8	1.0	1.2	-0.7
Estonia	-0.1	3.3	5.1	-8.4	2.3	1.2
Ireland**	-6.8	7.3	19.7	-28.3	5.7	12.8
Greece	6.1	-4.2	0.9	3.4	-2.1	-1.3
Spain	0.5	0.6	-0.8	1.0	1.4	-1.0
France	-0.7	0.6	0.4	-1.0	0.3	-0.3
Croatia	-0.9	2.1	-4.0	0.0	-4.6	1.5
Italy	-0.1	-1.3	1.2	-1.5	0.0	-0.5
Cyprus	-0.7	0.5	0.7	-0.5	0.0	2.9
Latvia	-0.4	-1.4	1.4	-1.4	2.5	-0.5
Lithuania	-3.7	-0.1	-2.6	3.9	-2.8	3.2
Luxembourg	3.1	-1.0	1.2	-2.7	-1.0	4.5
Hungary	0.2	-2.8	0.5	-0.9	3.6	-3.0
Malta	-2.9	2.5	5.0	-8.9	1.5	1.6
Netherlands	-1.0	0.1	3.5	-3.7	0.7	-1.0
Austria	-1.5	-1.6	2.1	-2.0	-0.1	-1.3
Poland	0.7	-0.4	0.2	0.5	0.0	-5.1
Portugal	1.6	3.4	-1.9	3.0	0.3	2.6
Romania	-2.3	-0.2	1.6	-3.4	3.3	3.8
Slovenia	0.0	3.8	-8.0	7.5	3.1	-5.9
Slovakia	2.1	-3.0	4.0	-2.7	0.2	-1.2
Finland	0.5	-0.3	-3.0	3.8	-0.3	-3.9
Sweden	1.8	-0.5	1.3	0.0	-1.1	1.4
Norway	12.4	2.5	1.6	2.0	-4.2	3.8
Switzerland	-1.2	-4.8	5.6	:	:	:
* 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 % change compared with same month of the previous year*
	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24
Euro area
Total industry	-6.2	-5.2	0.2	-6.5	-6.3	-1.0
Intermediate goods	-4.4	-5.6	-3.4	-2.9	-2.4	-2.3
Energy	-1.3	0.7	-1.7	0.3	-4.1	-3.5
Capital goods	-6.4	-4.7	4.7	-11.2	-8.9	1.8
Durable consumer goods	-4.0	-5.5	-3.1	-7.2	-4.3	-8.3
Non-durable consumer goods	-8.4	-7.1	-5.2	-3.8	-5.2	-7.0
EU
Total industry	-4.9	-4.3	0.3	-5.5	-5.2	-1.0
Intermediate goods	-4.5	-5.8	-3.5	-3.4	-2.3	-2.2
Energy	-0.1	0.7	-0.8	0.5	-3.9	-2.6
Capital goods	-5.0	-3.8	4.5	-9.5	-7.6	1.5
Durable consumer goods	-5.1	-6.1	-4.3	-7.3	-4.2	-7.5
Non-durable consumer goods	-5.8	-4.4	-3.0	-1.7	-3.7	-5.1
* Calendar adjusted Source dataset: sts_inpr_m

Industrial production % change compared with same month of the previous year*
	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24
Euro area	-6.2	-5.2	0.2	-6.5	-6.3	-1.0
EU	-4.9	-4.3	0.3	-5.5	-5.2	-1.0
Belgium	-9.3	-15.0	-5.1	-4.9	-8.5	-3.2
Bulgaria	-5.2	-12.0	-5.4	-9.2	-8.0	-7.6
Czechia	1.1	-2.8	-0.5	-0.4	0.7	-2.7
Denmark	10.6	12.2	8.6	8.4	5.4	2.4
Germany	-3.8	-4.8	-4.3	-5.2	-6.0	-4.3
Estonia	-13.5	-6.2	-3.4	-10.4	-5.6	-5.8
Ireland	-34.1	-19.9	36.0	-32.1	-35.9	37.0
Greece	10.7	3.3	4.6	10.4	1.5	-0.6
Spain	-1.4	0.2	-2.0	0.4	3.7	0.5
France	2.9	1.4	0.5	1.1	-0.6	0.5
Croatia	1.0	4.7	-1.0	-1.3	-5.7	-5.0
Italy	-0.7	-2.4	-1.5	-3.7	-3.3	-3.5
Cyprus	3.1	1.6	2.7	1.9	0.7	8.5
Latvia	-0.8	-6.1	-1.2	-2.6	1.3	0.7
Lithuania	-3.4	-3.5	-5.1	-0.3	-1.0	1.5
Luxembourg	-3.7	-5.2	-1.4	-4.4	-7.9	-1.0
Hungary	-2.1	-5.2	-7.3	-3.6	1.8	-2.8
Malta	0.1	4.2	7.2	-5.2	-5.7	-3.2
Netherlands	-3.9	-3.8	-1.3	-3.0	-2.2	-4.9
Austria	-2.6	-5.7	-1.4	-4.8	-6.0	-7.0
Poland	1.6	-0.9	-0.5	1.0	1.2	-3.1
Portugal	-3.9	-1.6	-5.2	-1.7	0.7	3.4
Romania	-2.0	-2.5	1.0	-4.1	-1.7	3.5
Slovenia	-2.2	-2.7	-11.0	-3.5	2.5	-6.9
Slovakia	8.4	2.0	4.8	3.5	0.1	-6.9
Finland	-0.3	0.3	-7.5	-0.7	1.5	-7.7
Sweden	0.3	3.3	2.8	-1.2	-3.3	3.1
Norway	-1.6	2.5	7.7	8.3	2.0	4.7
Switzerland	0.8	-1.2	-0.3	:	:	:
* Calendar adjusted : Data not available Source dataset: sts_inpr_m

Production indices for total industry, calendar and seasonally adjusted (base year 2021)
	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24
Euro area	97.7	98.1	99.7	96.5	97.5	98.1
EU	99.2	99.5	101.0	98.2	99.1	99.3
Belgium	92.3	88.5	93.1	89.3	89.4	95.5
Bulgaria	103.3	98.8	102.8	98.6	98.8	97.9
Czechia	101.1	99.7	102.7	99.5	101.7	100.0
Denmark	124.9	129.4	129.4	127.3	128.9	123.4
Germany	94.9	95.0	93.3	94.2	95.3	94.6
Estonia	84.7	87.5	92.0	84.3	86.2	87.2
Ireland*	97.0	104.1	124.6	89.3	94.4	106.5
Greece	109.9	105.3	106.3	109.9	107.6	106.2
Spain	101.4	102.0	101.2	102.2	103.6	102.6
France	100.2	100.8	101.2	100.2	100.5	100.2
Croatia	101.4	103.5	99.4	99.4	94.8	96.2
Italy	97.6	96.3	97.5	96.0	96.0	95.5
Cyprus	105.4	105.9	106.6	106.1	106.1	109.2
Latvia	96.8	95.4	96.7	95.3	97.7	97.2
Lithuania	101.1	101.0	98.4	102.2	99.3	102.5
Luxembourg	93.0	92.1	93.2	90.7	89.8	93.8
Hungary	101.2	98.4	98.9	98.0	101.5	98.5
Malta	105.5	108.1	113.5	103.4	104.9	106.6
Netherlands	100.0	100.1	103.6	99.8	100.5	99.5
Austria	101.9	100.3	102.4	100.4	100.3	99.0
Poland	110.5	110.1	110.3	110.8	110.8	105.2
Portugal	95.7	99.0	97.1	100.0	100.3	102.9
Romania	97.8	97.6	99.2	95.8	99.0	102.8
Slovenia	93.6	97.2	89.4	96.1	99.1	93.3
Slovakia	98.4	95.4	99.2	96.5	96.7	95.5
Finland	101.5	101.2	98.2	101.9	101.6	97.6
Sweden	102.4	101.9	103.2	103.2	102.1	103.5
Norway	99.9	102.4	104.0	106.1	101.6	105.5
Switzerland	109.2	104.0	109.8	:	:	:
* CSO Ireland is carrying out a review of the seasonal adjustment methodology for industrial production. : Data not available Source dataset: sts_inpr_m

Production indices for total industry, calendar adjusted (base year 2021)
	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24
Euro area	103.5	105.2	95.1	94.2	94.5	104.2
EU	105.0	106.4	96.8	95.7	96.2	105.9
Belgium	99.5	89.2	91.5	85.8	85.9	104.5
Bulgaria	107.3	102.2	105.4	93.7	93.6	101.6
Czechia	107.5	108.6	95.1	95.7	98.1	107.9
Denmark	125.1	133.6	133.8	129.3	125.8	131.9
Germany	97.7	101.5	89.3	88.1	92.9	102.9
Estonia	90.6	91.1	88.4	80.7	81.3	92.9
Ireland	116.0	136.0	116.8	105.1	71.9	90.0
Greece	109.4	103.0	106.7	100.6	105.6	108.2
Spain	105.2	106.4	92.3	100.2	104.9	108.3
France	105.7	105.0	102.5	103.4	100.2	108.8
Croatia	108.7	107.1	95.1	90.2	92.6	103.2
Italy	106.2	100.5	86.2	90.6	98.6	105.5
Cyprus	107.7	106.6	107.0	97.4	99.6	109.9
Latvia	103.1	100.8	102.1	74.4	83.6	96.9
Lithuania	107.0	105.6	98.7	98.3	93.7	105.0
Luxembourg	99.4	94.8	86.2	86.3	88.9	103.7
Hungary	105.9	103.5	89.5	92.7	102.3	105.7
Malta	111.0	109.2	100.6	98.9	99.2	111.3
Netherlands	103.4	103.4	104.1	97.4	96.7	106.4
Austria	106.8	106.4	102.8	91.1	96.2	107.5
Poland	116.5	114.5	106.6	106.1	107.5	115.2
Portugal	97.8	103.0	89.0	101.6	97.7	109.2
Romania	102.9	102.5	94.5	91.3	94.9	108.5
Slovenia	97.6	102.1	80.1	93.0	96.9	103.7
Slovakia	105.5	102.8	87.5	96.6	100.1	100.9
Finland	105.8	104.0	107.5	99.5	95.7	102.6
Sweden	110.1	108.9	105.9	101.4	101.0	117.2
Norway	104.3	107.1	109.9	115.9	100.6	112.3
Switzerland	115.6	107.6	108.2	:	:	:
: Data not available Source dataset: sts_inpr_m

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.