Industrial production in the EU increased by 0.5% m/m in April

Compared to April 2023, the indicator decreased by 2%

Seasonally adjusted industrial production in the European Union and the euro area in April 2024 increased by 0.5% and decreased by 0.6%, respectively, compared to the previous month. Compared to April 2023, industrial production in the EU fell by 2% and in the euro area – by 3%. This is evidenced by Eurostat data.

Among the EU member states, the highest monthly growth in industrial production in April was recorded in Denmark (+10.4%), Greece (+7%) and Poland (+6.7%). The largest declines were observed in Luxembourg (-6.7%), Latvia (-4.9%), and Ireland (-3.4%).

According to Eurostat, in April 2024, industrial production grew the most in Denmark (+17.4%), Greece (+10.8%) and Slovenia (+7.4%). At the same time, Ireland (-15.7%), Latvia (-7.8%) and Finland (-6.8%) showed the largest drop in industrial production compared to April 2023.

In April 2024, energy production in the euro area increased by 0.4% m/m, while in annual terms it decreased by 1.1%. In the EU, energy production in the same period increased by 0.3% m/m and fell by 0.9% y/y.

According to revised data, in March, industrial production in the euro area grew by 0.5% m/m, while in the EU it remained at the level of the previous month. In annual comparison, the figure fell by 1.2% for the euro area and by 1.1% for the EU.

Production in the construction sector of the European Union in March 2024 decreased by 0.1% compared to the previous month. Compared to March 2023, the seasonally adjusted figure decreased by 0.7%.