EU & euro area market production drops in September 2024

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.

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.