In December 2024, the total market production decreased by 0.2% in the EU and by 0.4% in the euro area compared with the previous month.
The total market production index (TMPI) is a composite indicator that combines 4 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 December was driven by a decline in industrial production (-0.8%) while construction (+0.4%), services (+0.2%) and trade (+0.1%) saw an increase.
However, compared with the same month of the previous year, total market production increased by 0.5% in the EU and 0.4% in the euro area.
This information comes from data on market production published by Eurostat today.
Source dataset: sts_tot_prod_m
Source: Eurostat, https://ec.europa.eu/eurostat/product?code=ddn-20250307-2
