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EUR | Jul 11, 2024

Total market production up across continental Europe 

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A robot adjusts a windscreen in a fully automated process at the Daimler factory in Rastatt, Germany, February 4, 2019. (Photo: REUTERS/Kai Pfaffenbach/File)

Market production across continental Europe is up, with the latest numbers for April 2024 showing a 0.7 per cent rise in the European Union (EU) and 0.3 per cent in the Euro area compared to the previous month.

The total market production index (TMPI) is a composite indicator that includes four short-term business statistics indicators representing the majority of the market economy, namely production in industry, construction, trade, and services.

In comparison to the same month last year, total market production climbed by 1.1 per cent in the EU and 1.0 per cent in the Euro area. 

In the EU, this was associated with a growth in services production (+4.2 per cent) and trade (+2.2 per cent), while industrial production and construction declined (-2.0 per cent and -0.9 per cent, respectively).

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