Industrial Production, Euro Area, EU
In April 2024, seasonally adjusted industrial production saw a slight decline of 0.1% in the euro area while increasing by 0.5% across the EU, as per initial estimates from Eurostat. This followed a 0.5% growth in the euro area and stable output in the EU in March 2024.
Comparing year-on-year data, industrial production in April 2024 fell by 3.0% in the euro area and by 2.0% in the EU compared to April 2023.
Monthly Changes by Sector
In the euro area, the month-on-month changes for April 2024 were:
- Intermediate goods: -0.4%
- Energy: +0.4%
- Capital goods: +0.7%
- Durable consumer goods: +0.3%
- Non-durable consumer goods: +3.4%
In the EU, the monthly changes were:
- Intermediate goods: -0.2%
- Energy: +0.3%
- Capital goods: +0.5%
- Durable consumer goods: +1.0%
- Non-durable consumer goods: +3.9%
Notable Monthly Changes by Country
The highest monthly increases were in:
- Denmark: +10.4%
- Greece: +7.0%
- Poland: +6.7%
The largest monthly decreases were in:
- Luxembourg: -6.7%
- Latvia: -4.9%
- Ireland: -3.4%
Annual Changes by Sector
Comparing April 2024 to April 2023 in the euro area:
- Intermediate goods: -2.0%
- Energy: -1.1%
- Capital goods: -5.3%
- Durable consumer goods: -3.1%
- Non-durable consumer goods: +0.7%
In the EU, the annual changes were:
- Intermediate goods: -1.8%
- Energy: -0.9%
- Capital goods: -4.9%
- Durable consumer goods: -2.1%
- Non-durable consumer goods: +2.9%
Notable Annual Changes by Country
The largest annual decreases were recorded in:
- Ireland: -15.7%
- Latvia: -7.8%
- Finland: -6.8%
The highest annual increases were observed in:
- Denmark: +17.4%
- Greece: +10.8%
- Slovenia: +7.4%
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