Industrial production down by 1.1% in both the euro area and the EU

In July 2023, the seasonally adjusted industrial production decreased by 1.1% in both the euro area and the EU, compared with June 2023, according to estimates from Eurostat, the statistical office of the European Union.

In June 2023, industrial production increased by 0.4% in both the euro area and the EU.

In July 2023 compared with July 2022, industrial production decreased by 2.2% in the euro area and by 2.4% in the EU.

Monthly comparison by main industrial grouping

In the euro area in July 2023, compared with June 2023, production of capital goods fell by 2.7% and durable consumer goods by 2.2%, while production of intermediate goods grew by 0.2%, non-durable consumer goods by 0.4% and energy by 1.6%.

In the EU, production of capital goods fell by 2.4%, durable consumer goods by 1.9% and non-durable consumer goods by 0.8%, while production of intermediate goods grew by 0.1% and energy by 1.5%.

Among Member States for which data are available, the largest monthly decreases were registered in Denmark ( 9.1%), Ireland (-6.6%) and Lithuania (-4.4%). The highest increases were observed in Sweden  (+5.1%), Malta (+3.4%) and Hungary (+2.9%).

Annual comparison by main industrial grouping

In the euro area in July 2023, compared with July 2022, production of durable consumer goods fell by 6.7%, energy by 5.7%, intermediate goods by 5.0% and non-durable consumer goods by 0.6%, while production of capital goods rose by 0.4%.

In the EU, production of energy fell by 7.4%, durable consumer goods by 7.3% and intermediate goods by 5.5%, while production of non-durable consumer goods rose by 0.5% and capital goods by 1.0%.

Among Member States for which data are available, the largest annual decreases were registered in Bulgaria ( 11.5%), Estonia (-9.5%) and Latvia (-8.6%). Increases were observed in Denmark (+5.7%), France (+2.8%) and Malta (+2.3%).