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.

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%).

Source: Eurostat
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