Brussels:Seasonally adjusted services production recorded an increase of 0.3% in both the euro area and the European Union in August 2026 compared to July 2026, as per the initial estimates released by Eurostat, the statistical office of the European Union. This follows a 0.4% rise in the euro area and a 0.3% increase in the EU during July 2026.
According to Wam, on an annual basis, services production saw a growth of 2.2% in the euro area and 2.1% in the EU when compared to August 2025.
Among the Member States with available data, Romania, Malta, and Portugal experienced the highest monthly increases, with growth rates of 5.2%, 1.8%, and 1.7% respectively. Conversely, Luxembourg, Bulgaria, and Denmark saw the largest monthly declines, with decreases of 5.1%, 2.3%, and 1.9% respectively.
When looking at annual changes, Slovakia, Greece, and Malta had the most significant increases, with Slovakia leading at 10.0%, followed by Greece at 9.3% and Malta at 7.5%. On the other hand, Hungary, Denmark, and Italy reported annual decreases of 5.6%, 5.3%, and 0.3% respectively.