Your login credentials do not authorize you to access this content in the selected format. Access to this content in this format requires a current subscription or a prior purchase. Data are available during the year following the reference year, with the first release of information usually oanda reviews taking place in July. As more complete and revised data become available, updates are released on a monthly basis. Prodcom data are available for the EU Member States, Iceland, Norway, Albania, Bosnia and Herzegovina, Montenegro, and Serbia; Eurostat produces aggregates for the EU.

1. Figure 2 shows the share of the EU’s value of sold production, by individual EU Member States in 2022.
2. The COVID-19 pandemic in 2019 caused a slight decline in skis production, € 407 million.
3. The analysis that follows refers to the division breakdown (first 2-digit level) of the Statistical classification of economic activities in the European Community (NACE).
4. Other users such as professional/trade associations and their members use PRODCOM statistics for information on industry.

Other users such as professional/trade associations and their members use PRODCOM statistics for information on industry. The use of the data in climate change statistics is increasing, as well as in other environmental statistics such as the analysis of material flows or chemicals production and consumption statistics. Industrial production refers to the output of industrial establishments and covers sectors such as mining, manufacturing, electricity, gas and steam and air-conditioning. This indicator is measured in an index based on a reference period that expresses change in the volume of production output. The development of Prodcom dates back to 1985 when Eurostat organised a series of meetings on production statistics, whose objective was to harmonise the various ways industrial production statistics were collected in the EU Member States. Although statistics were collected on products in most countries, there was a varied selection of classifications in use reflecting national situations and a range of different survey methods were applied.

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The pro-vitamins and vitamins hit the highest point recorded in 2018, nevertheless the annual sold value remains the same around €2 billion between 2019 and 2022. The antibiotics and vitamins represented 14 % of the total basic pharmaceutical production. The industrial production index is one of the most important short-term statistics indicators.

Slovakia: Decline in industrial activity softens in August

Looking in detail at the three largest manufacturing sectors within one country, Italy stood out with the manufacturing of basic metals and fabricated metal products, which represented 36 % of the country’s total value of sold production in 2022. Figure 5 analyses the share of the value of sold production for the manufacturing of motor vehicles, trailers and semi-trailers (Division 29 of NACE Rev.2) in 2022. This article analyses recent data on industrial production in the European Union (EU), powertrend as well as in some EFTA and candidate countries, based on results of industrial production (PRODCOM) statistics. Cyprus, Malta and Luxembourg are exempt from collecting PRODCOM data and therefore no data is available. The industrial production index (IPI) is a monthly economic indicator measuring real output in the manufacturing, mining, electric, and gas industries, relative to a base year. Manufacturing output stepped up 0.8 percent in February after declining 1.1 percent in January.

The EU’s value of sold production is concentrated in 14 groups of activities; six of these groups account for almost three-quarters of the total for both reference years. The sectors manufacture of basic metals and fabricated metal products, manufacture of food, beverages & tobacco products and manufacture of motor vehicles and other transport equipment accounted for 47 % of the value of the sold production in 2022. Industrial production is a measure of output of the industrial sector of the economy. Industrial production figures are also used by central banks to measure inflation, as high levels of industrial production can lead to uncontrolled levels of consumption and rapid inflation [citation needed]. Although these sectors contribute only a small portion of gross domestic product (GDP), they are highly sensitive to interest rates and consumer demand.

Hungary: Industrial output posts quickest growth since July 2021 in August

Mining output climbed 2.2 percent in February after falling 2.9 percent in January. The output of utilities, however, dropped 7.5 percent in February as the indexes for electric and natural gas utilities decreased 6.5 and 13 percent, respectively. Capacity and capacity utilization will be revised to incorporate bitit review data for manufacturing through the fourth quarter of 2023 from the U.S. Census Bureau’s Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Italy was the country where one kilogram of fresh bread produced was sold at the highest price, at over €3.3.

Data sources

The operating rate for mining moved up 2.1 percentage points to 93.8 percent, a rate that is 7.3 percentage points above its long-run average. The operating rate for utilities slid 5.7 percentage points to 67.8 percent, well below its long-run average of 84.4 percent. The production of fishing rods continues at a steady pace with the value of sold production between € 82 million and € 95 million, the highest production of this sports equipment is noted in 2021, € 126 million. The manufacture of skis for winter went up from € 497 in 2018 million to € 560 million in 2022. The COVID-19 pandemic in 2019 caused a slight decline in skis production, € 407 million. The production of tennis and badminton rackets dropped by half in 2021 and 2022 compared with the previous years.

The equipment for fitness centres produced in the EU rose by 12% in 2022 compared to 2018. The value of the sold production of sport goods was at its peak with over € 4.4 billion in 2022. The manufacturing of these products increased mostly in 2021 and 2022 as latest trends globally show more interest in practicing sports. Figure 1 presents the evolution of the EU’s value of sold production from 2012 to 2022.