In August 2023, the production of services (excluding financial and public services) increased by 0.3 per cent in the EU and by 0.5 per cent in the euro area compared with July 2023, Eurostat reports.
Compared to August 2022, the production of services increased by 2.4 per cent in the EU and by 2.9 per cent in the euro area.
This information comes from data on service production published today by Eurostat. For more information on production in the various service industries, see Statistics Explained’s article on the service production index.
The Index of Services Production (ISP) is an indicator of business activity that measures monthly changes in output in the service industries (excluding financial and government services).
