July 9, 2024
In April 2024, total market production climbed by 0.7% in the EU and 0.3% 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% in the EU and 1.0% in the euro area. In the EU, this was associated with a growth in services production (+4.2%) and trade (+2.2%), while industrial production and construction declined (-2.0% and -0.9%, respectively).
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