Estonia reported the highest annual increase in services production in the EU in November 2024, with a 13.8% gain, new data from Eurostat has revealed.
Other countries to report a notable increase in services production included Lithuania (+9.2%) and Luxembourg (+8.6%), with France (4.2%), Bulgaria (3.2%), Spain (2.7%) and Slovakia (2.3%) among the countries reporting more modest increases.
Services production decline was most pronounced in Denmark, which reported a 13.5% annual decrease, followed by Romania (-7.6%), while Greece and Malta (both -2.8%) saw a more modest decline. No data was available for Ireland, Cyprus, the Netherlands and Sweden.
Services production in EU
Across the European Union, seasonally adjusted services production increased by 1.6% in the European Union, and by 2.0% in the euro area.
In the EU, services production increased in most segments – in accommodation and food services it rose by 3.7%, in information and communication it was up by 4.1%, real estate activities were up 0.2%, professional, scientific and technical activities rose by 2.3%, and administrative and support services were up 0.5%.
Services production in transport and storage fell back, however, by 1.7%, on an annual basis, Eurostat noted.
On a month-on-month basis, meanwhile, services production rose by 0.3% in both the EU and euro area. Read more here.
Increase/decrease in services production by EU member state, November 2024 (%)
| Country | Increase/Decrease in Services Production (%) |
|---|---|
| Estonia | 13.8 |
| Lithuania | 9.2 |
| Luxembourg | 8.6 |
| France | 4.2 |
| Bulgaria | 3.2 |
| Spain | 3.0 |
| Slovakia | 2.7 |
| Poland | 2.3 |
| Belgium | 2.2 |
| Czechia | 1.7 |
| Finland | 1.5 |
| Croatia | 1.2 |
| Germany | 0.8 |
| Italy | -0.1 |
| Slovenia | -0.3 |
| Latvia | -1.2 |
| Austria | -1.8 |
| Hungary | -2.0 |
| Greece | -2.8 |
| Malta | -2.8 |
| Romania | -7.6 |
| Denmark | -13.5 |
