May 17, 2024

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.

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%).

Source: Eurostat
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