Malta reported the largest annual increase in industrial production in the European Union in November 2024, seeing a 13.5% increase year-on-year.
Other countries to report a notable increase in the period included Belgium (+8.5%), Greece (+4.8%), Lithuania (+4.1%) and Finland (+3.1%), preliminary data from Eurostat revealed.
At the other end of the scale, Croatia reported a 6.6% decrease in industrial production in November, followed by Ireland (-5.6%), Austria (-5.0%), Luxembourg (-3.9%) and Germany (-3.3%).
Ten European Union countries reported an annual increase in industrial production in the month, while 17 saw a decline, year-on-year, the data showed.
Industrial production in the EU
Overall, industrial production decreased by 1.7% in the EU and by 1.9% in the euro area in November 2024, compared to the same month the previous year. On a month-on-month basis, production increased by 0.1% in the EU and 0.2% in the euro area.
On an annual basis, industrial production in the EU decreased by 1.9% for intermediate goods, decreased by 0.8% for energy, decreased by 2.6% for capital goods, remained stable for durable consumer goods, and increased by 0.1% for non-durable consumer goods.
Annual increase/decrease in industrial production by EU member state, November 2024 (%)
| Country | Change in Industrial Production (%) |
|---|---|
| Malta | 13.5 |
| Belgium | 8.7 |
| Greece | 4.8 |
| Lithuania | 4.1 |
| Finland | 3.1 |
| Bulgaria | 2.8 |
| Netherlands | 1.5 |
| Poland | 0.9 |
| Sweden | 0.8 |
| Slovakia | 0.1 |
| Estonia | -0.1 |
| Slovenia | -0.7 |
| Spain | -0.8 |
| Denmark | -1.0 |
| France | -1.1 |
| Italy | -1.5 |
| Romania | -1.5 |
| Portugal | -2.2 |
| Czechia | -2.7 |
| Hungary | -2.9 |
| Cyprus | -3.0 |
| Latvia | -3.0 |
| Germany | -3.3 |
| Luxembourg | -3.9 |
| Austria | -5.0 |
| Ireland | -5.6 |
| Croatia | -6.6 |
