In December 2024, compared with November 2024, seasonally adjusted industrial production decreased by 1.1% in the euro area and by 0.8% the EU, according to first estimates from Eurostat, the statistical office of the European Union. In November 2024, industrial production grew by 0.4% in the euro area and by 0.2% in the EU.

In December 2024, compared with December 2023, industrial production decreased by 2.0% the euro area and by 1.7% in the EU.

The annual average industrial production for the year 2024, compared with 2023, decreased by 1.7% in the euro area and by 2.0% in the EU.

Monthly comparison by main industrial grouping and by Member State

In the euro area in December 2024, compared with November 2024, industrial production

  • decreased by 1.9% for intermediate goods,

  • increased by 0.5% for energy,

  • decreased by 2.6% for capital goods,

  • decreased by 0.7% for durable consumer goods,

  • increased by 5.1% for non-durable consumer goods.

In the EU, industrial production

  • decreased by 1.8% for intermediate goods,

  • increased by 0.6% for energy,

  • decreased by 2.0% for capital goods,

  • decreased by 1.0% for durable consumer goods,

  • increased by 5.2% for non-durable consumer goods.

The largest monthly decreases were recorded in Belgium (-6.8%), Portugal (-4.4%) and Austria (-3.3%). The highest increases were observed in Ireland (+8.2%), Luxembourg (+6.7%) and Croatia (+6.3%).

Annual comparison by main industrial grouping and by Member State

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

  • decreased by 2.4% for intermediate goods,

  • increased by 0.5% for energy,

  • decreased by 8.1% for capital goods,

  • decreased by 2.2% for durable consumer goods,

  • increased by 8.3% for non-durable consumer goods.

In the EU, industrial production

  • decreased by 2.3% for intermediate goods,

  • increased by 0.6% for energy,

  • decreased by 7.5% for capital goods,

  • decreased by 1.8% for durable consumer goods,

  • increased by 8.2% for non-durable consumer goods.

The largest annual decreases were recorded in Austria (-9.5%), Italy (-7.1%) and Hungary (-6.4%). The highest increases were observed in Malta (+14.4%), Ireland (+10.1%) and Lithuania (+7.6%).

Source: Eurostat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.