Euro area seasonally adjusted industrial production increased by 0.8% month-over-month in February; industrial production decreased by 6.4% year-over-year: Eurostat

LUXEMBOURG , April 15, 2024 (press release) –

Down by 6.4% in the euro area and by 5.4% in the EU compared with February 2023

Overview
In February 2024, compared with January 2024, seasonally adjusted industrial production increased by 0.8% in the euro area and by 0.7% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In January 2024, industrial production fell by 3.0% in the euro area and by 2.7% in the EU.

In February 2024, compared with February 2023, industrial production decreased by 6.4% in the euro area and by 5.4% in the EU.

Monthly comparison by main industrial grouping and by Member State
In the euro area in February 2024 compared with January 2024, industrial production

• increased by 0.5% for intermediate goods,
• decreased by 3.0% for energy,
• increased by 1.2% for capital goods,
• increased by 1.4% for durable consumer goods,
• decreased by 0.9% for non-durable consumer goods.

In the EU, industrial production

• increased by 0.9% for intermediate goods,
• decreased by 3.3% for energy,
• increased by 1.0% for capital goods,
• increased by 1.7% for durable consumer goods,
• decreased by 0.5% for non-durable consumer goods.

The highest monthly increases were recorded in Ireland (+3.8%), Hungary (+3.5%) and Slovenia (+3.3%). The largest decreases were observed in Croatia (-4.6%), Lithuania (-3.0%) and Belgium (-2.7%).

Annual comparison by main industrial grouping and by Member State
In the euro area in February 2024, compared with February 2023, industrial production

• decreased by 2.7% for intermediate goods,
• decreased by 3.6% for energy,
• decreased by 8.9% for capital goods,
• decreased by 4.3% for durable consumer goods,
• decreased by 6.1% for non-durable consumer goods.

In the EU, industrial production

• decreased by 2.5% for intermediate goods,
• decreased by 3.5% for energy,
• decreased by 7.5% for capital goods,
• decreased by 3.9% for durable consumer goods,
• decreased by 4.7% for non-durable consumer goods.

The largest annual decreases were recorded in Ireland (-36.0%), Belgium (-12.7%) and Bulgaria (-8.4%). The highest increases were observed in Spain (+3.5%), Slovenia (+2.8%) and Denmark (+2.7%).

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