Euro Area Services Production, July 2026 — Up 0.4% on the Month and 1.5% on the Year

As of 8 October 2026 (KST); Eurostat first estimates for July 2026, released 7 October 2026. Primary source: Eurostat Euro indicators, "Services production up by 0.4% in the euro area and by 0.3% in the EU" — https://ec.europa.eu/eurostat/web/products-euro-indicators/w/4-07102026-ap^[1]

Comparison basis: Eurostat compares July with June on calendar and seasonally adjusted data, and with July 2025 on calendar adjusted data only. Figures are rounded to one decimal place; the percentage-point changes in the monthly rates are this page's calculations from those rounded figures. June rates are as shown in the 7 October release (the euro area June annual rate and the EU June monthly rate were revised).^[1]

In three lines 1. Euro area services production rose 0.4% in July 2026 from June, after a 0.3% fall, and was 1.5% higher than in July 2025. 2. Professional, scientific and technical activities rose 1.1% on the month and real estate 0.7%; transportation and storage fell 0.1%. 3. In the EU, production rose 0.3% on the month and 1.5% on the year; among Member States for which data are available, Luxembourg (+7.6%) and Hungary (-4.5%) had the largest monthly moves.^[1]

Services production index: a business indicator measuring monthly changes in the production volume of the services industries, excluding financial and public services. In this release total services cover NACE Rev.2 sections H to N, excluding K.^[1]

Monthly change uses calendar and seasonally adjusted data; annual change uses calendar adjusted data. Euro area and EU seasonally adjusted series aggregate seasonally adjusted national data, and missing recent national observations are estimated for the aggregates. The euro area is EA21; the EU is EU27.^[1]

Reference month: this release covers July 2026, a month earlier than Eurostat's industrial producer price release of 5 October 2026 and retail trade release of 6 October 2026, which both cover August 2026. "c" marks confidential data (Ireland and Cyprus; Portugal's annual rates).^[1][2][3]

Eurostat names the highest monthly increases in Luxembourg (+7.6%), Greece (+5.1%) and Sweden (+1.5%), and the largest decreases in Hungary (-4.5%), Denmark (-3.1%) and Slovenia (-2.7%). The highest annual increases were in Greece (+16.1%), Slovakia (+8.7%) and Estonia (+8.0%); the largest annual decreases in Hungary (-5.4%), Romania (-4.6%) and Denmark (-4.1%).^[1]

Monthly vs annual. +0.4% compares July with June on seasonally adjusted data; +1.5% compares July 2026 with July 2025 on calendar adjusted data. The two use different adjustments.^[1]

Seasonally adjusted vs calendar adjusted index. The euro area calendar and seasonally adjusted index went from 118.4 in June to 118.9 in July, while the calendar adjusted index went from 120.8 to 118.6. Eurostat's monthly comparison uses the seasonally adjusted series.^[1]

Euro area vs EU. Monthly growth was 0.4% in the euro area and 0.3% in the EU; annual growth was 1.5% in both.^[1]

First estimate vs revised. June's euro area monthly fall stayed at -0.3%, while its annual rate was revised from +1.5% to +1.3%; the EU June monthly rate was revised from -0.2% to -0.3%.^[1]

The euro area monthly rate moved from -0.3% in June to +0.4% in July (+0.7 pp). Five of the six published industries had higher monthly rates than in June; the largest swings in the rate were in professional, scientific and technical activities (+1.9 pp) and real estate (+1.7 pp). The release gives no industry weights or contributions, so these are rate changes, not contributions to the total.^[1]

Next services production release: 9 November 2026.^[1]