In September 2024, total market production in the EU decreased by 0.6 per cent, while in the euro area, it declined by 0.7 per cent compared to the previous month, according to estimates from Eurostat, the statistical office of the EU.
In September 2024, total market production in the EU fell by 0.6 per cent, while in the euro area, it decreased by 0.7 per cent, driven by declines in industrial production (-1.8 per cent), services (-0.2 per cent), and construction (-0.1 per cent).
Year-on-year, total market production dropped by 0.4 per cent in both the EU and euro area, according to Eurostat.
The total market production index (TMPI) is a composite indicator that combines four short-term business statistics indicators covering most of the market economy, i.e. production in industry, construction, and services as well as the trade volume.
The decrease of total market production in the EU in September was driven by a decline in industrial production (-1.8 per cent), services (-0.2 per cent) and construction (-0.1 per cent), while trade saw an increase (+0.3 per cent).
Compared with the same month of the previous year, total market production decreased by 0.4 per cent in both the EU and the euro area.
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