Services production up by 1.0% in the euro area and by 1.1% in the EU

Overview

In February 2024, compared with January 2024, seasonally adjusted services production increased by 1.0% in the euro area and by 1.1% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In January 2024, services production grew by 0.8% in the euro area and by 0.3% in the EU.

In February 2024, compared with February 2023, services production increased by 4.9% in the euro area and by 4.8% in the EU.

Services production

Monthly comparison by service industry and by Member State

In the euro area in February 2024 compared with January 2024, services production

increased for transportation and storage by 0.6%,
increased for accommodation and food services by 1.7%,
increased for information and communication by 1.5%,
increased for real estate activities by 0.1%,
increased for professional, scientific, and technical activities by 0.5%,
increased for administrative and support services by 0.3%.

In the EU, services production

increased for transportation and storage by 0.8%,
increased for accommodation and food services by 1.8%,
increased for information and communication by 1.5%,
decreased for real estate activities by 0.5%,
increased for professional, scientific, and technical activities by 0.9%,
increased for administrative and support services by 0.4%.

Among Member States for which data are available, the highest monthly increases were recorded in Belgium and Hungary (both +2.9%), Poland (+2.5%) and Greece and Malta (both +2.3%). The largest decreases were observed in Slovenia (-1.9%), Lithuania (-1.7%) and Romania (-1.6%).

Annual comparison by service industry and by Member State

In the euro area in February 2024, compared with February 2023, services production

increased for transportation and storage by 3.5%,
increased for accommodation and food services by 3.8%,
increased for information and communication by 8.4%,
increased for real estate activities by 1.9%,
increased for professional, scientific, and technical activities by 4.9%,
increased for administrative and support services by 3.5%.

In the EU, services production

increased for transportation and storage by 3.8%,
increased for accommodation and food services by 3.8%,
increased for information and communication by 8.4%,
increased for real estate activities by 2.2%,
increased for professional, scientific, and technical activities by 5.1%,
increased for administrative and support services by 3.4%.

Among Member States for which data are available, the highest annual increases were recorded in Greece (+15.1%), Denmark (+14.6%) and Lithuania (+12.8%). The largest decreases were observed in Slovakia (-3.4%), Czechia (-3.1%) and Romania (-2.4%).

Tables

Services production % change compared with previous month*
	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24
Euro area
Total services	-0.2	0.2	0.1	0.4	0.8	1.0
Transportation and storage	-1.0	0.5	0.4	0.6	1.1	0.6
Accommodation and food services	2.7	-0.7	-0.1	0.9	0.0	1.7
Information and communication	-0.5	0.3	-0.2	1.4	0.6	1.5
Real estate activities	0.9	0.7	-1.2	-2.3	3.4	0.1
Professional, scientific and technical activities	-1.6	0.8	-0.1	-0.7	1.3	0.5
Administrative and support services	0.3	1.1	-1.6	1.2	0.2	0.3
EU
Total services	-0.1	0.3	0.1	0.4	0.3	1.1
Transportation and storage	-0.4	0.6	0.4	0.4	-0.4	0.8
Accommodation and food services	2.5	-0.8	0.1	1.0	-0.1	1.8
Information and communication	-0.4	0.3	-0.3	1.3	0.7	1.5
Real estate activities	0.7	0.7	-0.9	-1.5	3.0	-0.5
Professional, scientific and technical activities	-1.6	0.7	-0.1	-0.7	1.2	0.9
Administrative and support services	0.4	0.9	-1.4	1.1	0.3	0.4
* Calendar and seasonally adjusted Source dataset: sts_sepr_m

Services production % change compared with previous month*
	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24
Euro area	-0.2	0.2	0.1	0.4	0.8	1.0
EU	-0.1	0.3	0.1	0.4	0.3	1.1
Belgium	0.5	-0.8	3.3	-1.8	0.9	2.9
Bulgaria	0.0	0.4	0.6	0.5	1.1	0.1
Czechia	0.1	0.2	0.4	0.5	0.4	-1.3
Denmark	0.4	4.1	-0.2	-0.2	-8.0	2.2
Germany	-1.1	-0.4	0.1	-0.9	1.4	1.9
Estonia	-0.3	0.4	-0.8	1.3	-1.4	1.3
Ireland	c	c	c	c	c	c
Greece	3.1	3.4	-0.4	-1.6	4.1	2.3
Spain	1.3	1.9	1.7	0.3	0.8	2.1
France	-0.2	-0.1	-0.9	2.7	0.3	-0.7
Croatia	15.7	-0.4	0.0	1.0	1.8	-0.7
Italy	c	c	c	c	c	c
Cyprus	c	c	c	c	c	c
Latvia	1.4	-2.1	1.9	2.1	-2.6	0.1
Lithuania	1.1	-0.7	0.0	0.5	5.0	-1.7
Luxembourg	-0.2	5.5	-0.3	3.7	-5.3	-0.5
Hungary	-0.3	0.2	0.4	0.1	2.5	2.9
Malta	1.1	-0.2	1.0	0.6	0.5	2.3
Netherlands	c	c	c	c	c	c
Austria	-0.3	0.5	-0.9	0.4	0.2	0.5
Poland	-0.1	1.1	1.2	-0.8	1.3	2.5
Portugal	:	:	:	:	:	:
Romania	1.1	0.8	0.3	3.0	-5.5	-1.6
Slovenia	1.7	-2.2	2.7	2.8	-0.3	-1.9
Slovakia	-0.5	-0.1	-1.1	0.0	2.3	0.6
Finland	-0.2	-0.5	0.0	0.2	0.6	-0.3
Sweden	c	c	c	c	c	c
* Calendar and seasonally adjusted : Data not available c Confidential Source dataset: sts_sepr_m

Services production % change compared with same month of the previous year*
	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24
Euro area
Total services	1.2	1.9	1.5	1.9	3.8	4.9
Transportation and storage	-2.6	-1.6	-0.9	-0.6	1.4	3.5
Accommodation and food services	2.8	0.7	0.9	1.8	1.1	3.8
Information and communication	4.9	4.8	4.8	5.5	6.8	8.4
Real estate activities	-0.2	2.8	1.3	-3.2	2.8	1.9
Professional, scientific and technical activities	0.0	1.8	1.9	1.7	2.9	4.9
Administrative and support services	2.3	3.0	-0.7	1.7	3.6	3.5
EU
Total services	0.9	1.7	1.6	1.9	3.5	4.8
Transportation and storage	-1.7	-0.4	0.6	0.7	1.3	3.8
Accommodation and food services	2.7	0.6	0.8	1.7	1.1	3.8
Information and communication	3.4	4.2	4.2	4.8	6.3	8.4
Real estate activities	-0.1	2.7	1.1	-1.8	3.5	2.2
Professional, scientific and technical activities	-0.1	1.5	1.7	1.2	2.7	5.1
Administrative and support services	2.0	2.6	-0.8	1.5	3.3	3.4
* Calendar adjusted Source dataset: sts_sepr_m

Services production % change compared with same month of the previous year*
	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24
Euro area	1.2	1.9	1.5	1.9	3.8	4.9
EU	0.9	1.7	1.6	1.9	3.5	4.8
Belgium	-1.3	-1.6	3.6	-0.4	0.8	5.1
Bulgaria	-2.3	-1.8	-1.5	0.7	4.2	3.6
Czechia	-4.2	-4.2	-3.7	-1.7	-0.7	-3.1
Denmark	1.6	9.7	12.5	8.5	3.1	14.6
Germany	0.7	-0.3	0.4	0.7	2.4	4.2
Estonia	-1.9	-0.8	-3.8	1.1	-5.1	1.3
Ireland	c	c	c	c	c	c
Greece	5.9	9.7	4.6	0.7	8.8	15.1
Spain	-0.6	4.2	2.9	1.5	5.4	6.4
France	1.4	1.1	0.7	3.0	3.9	3.1
Croatia	0.9	1.8	1.7	1.6	8.0	4.7
Italy	c	c	c	c	c	c
Cyprus	c	c	c	c	c	c
Latvia	-2.9	-2.3	-3.3	1.4	-1.4	-2.2
Lithuania	11.4	5.6	4.4	3.1	16.4	12.8
Luxembourg	10.2	15.1	13.9	12.4	9.7	12.0
Hungary	-8.0	-8.1	-8.3	-7.5	-2.0	7.7
Malta	7.8	2.8	3.0	2.3	2.2	12.5
Netherlands	c	c	c	c	c	c
Austria	-4.9	-1.6	-3.3	-3.4	-2.6	-1.6
Poland	1.8	2.8	4.5	1.9	6.7	9.4
Portugal	:	:	:	:	:	:
Romania	5.4	5.1	4.5	9.9	1.7	-2.4
Slovenia	1.5	-0.3	3.5	6.8	4.8	1.1
Slovakia	-9.3	-6.8	-10.9	-9.9	-4.5	-3.4
Finland	-1.5	-2.3	-2.1	-2.5	-1.9	-1.6
Sweden	c	c	c	c	c	c
* Calendar adjusted : Data not available c Confidential Source dataset: sts_sepr_m

Services production, calendar and seasonally adjusted indices (base year 2021)
	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24
Euro area	113.7	113.9	114.0	114.4	115.3	116.5
EU	113.9	114.2	114.3	114.8	115.2	116.5
Belgium	111.4	110.5	114.2	112.1	113.1	116.4
Bulgaria	110.8	111.2	111.9	112.5	113.7	113.8
Czechia	102.8	103.0	103.4	103.9	104.3	102.9
Denmark	118.0	122.8	122.5	122.3	112.5	115.0
Germany	111.6	111.1	111.2	110.2	111.7	113.8
Estonia	116.1	116.6	115.7	117.2	115.6	117.1
Ireland*	c	c	c	c	c	c
Greece	129.1	133.5	133.0	130.9	136.3	139.4
Spain	113.0	115.2	117.2	117.6	118.5	121.0
France	114.5	114.4	113.4	116.5	116.8	116.0
Croatia	115.6	115.1	115.1	116.2	118.3	117.5
Italy	c	c	c	c	c	c
Cyprus	c	c	c	c	c	c
Latvia	114.9	112.5	114.6	117.0	114.0	114.1
Lithuania	109.3	108.5	108.5	109.0	114.4	112.4
Luxembourg	108.5	114.5	114.2	118.4	112.1	111.5
Hungary	109.1	109.3	109.7	109.8	112.5	115.8
Malta	125.6	125.4	126.6	127.4	128.0	130.9
Netherlands	c	c	c	c	c	c
Austria	109.1	109.7	108.7	109.1	109.3	109.9
Poland	117.1	118.4	119.8	118.9	120.5	123.5
Portugal	:	:	:	:	:	:
Romania	136.7	137.8	138.2	142.3	134.5	132.4
Slovenia	115.4	112.9	115.9	119.2	118.9	116.7
Slovakia	97.0	96.9	95.8	95.8	98.0	98.6
Finland	107.0	106.5	106.5	106.7	107.3	107.0
Sweden	c	c	c	c	c	c
: Data not available c Confidential Source dataset: sts_sepr_m

Services production, calendar adjusted indices (base year 2021)
	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24
Euro area	114.5	116.6	113.6	133.5	108.5	103.7
EU	114.9	117.1	114.4	133.5	108.2	103.9
Belgium	114.2	115.1	113.6	133.9	106.4	104.9
Bulgaria	112.2	110.0	111.3	128.6	100.1	104.4
Czechia	104.4	105.1	106.8	121.3	96.7	91.7
Denmark	118.9	129.1	123.1	138.9	113.0	102.6
Germany	111.8	112.4	114.1	133.3	99.6	100.7
Estonia	116.5	116.8	112.8	140.9	99.6	103.9
Ireland	c	c	c	c	c	c
Greece	151.1	136.9	114.9	147.8	93.7	101.9
Spain	115.1	118.8	115.5	124.7	107.0	106.6
France	112.7	117.4	109.3	141.3	118.6	104.1
Croatia	124.8	100.9	94.8	114.8	97.2	100.2
Italy	c	c	c	c	c	c
Cyprus	c	c	c	c	c	c
Latvia	119.2	114.9	114.1	134.3	103.3	104.3
Lithuania	114.3	114.0	109.0	113.4	106.2	105.4
Luxembourg	106.9	116.7	120.4	143.4	109.4	99.3
Hungary	113.9	112.3	117.7	139.5	94.0	93.8
Malta	129.2	130.2	124.4	121.3	122.2	123.2
Netherlands	c	c	c	c	c	c
Austria	107.2	109.2	104.6	128.1	110.5	107.6
Poland	121.5	120.0	122.6	132.2	109.3	114.9
Portugal	:	:	:	:	:	:
Romania	139.6	142.4	139.0	155.8	118.9	116.2
Slovenia	120.1	116.6	118.2	132.5	106.9	103.7
Slovakia	98.9	101.5	99.4	108.9	89.0	87.8
Finland	109.3	109.0	107.5	130.3	100.2	96.4
Sweden	c	c	c	c	c	c
: Data not available c Confidential Source dataset: sts_sepr_m

Notes for users

Revisions and timetable

Compared with data issued in the News Release of 8 April 2024, the monthly percentage change for January 2024 has been revised from +1.5% to +0.8% in the euro area and from +1.0% to +0.3% in the EU. The annual percentage change has been revised from +4.5% to +3.8% in the euro area and from +4.1% to +3.5% in the EU.

Methods and definitions

The index of services production is a business indicator that measures the monthly changes in the production volume of the services industries (excluding financial and public services).

Seasonally adjusted euro area and EU series are calculated by aggregating the seasonally adjusted national data.

In this release, total services cover NACE Rev.2 sections H to N, excluding K. Missing observations from Member States for recent months are estimated for the calculation of the euro area and the EU aggregates.

Geographical information

The euro area (EA20) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU27) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.