European services sector shows signs of recovery after February decline
Seasonally adjusted services production increased by 0.2 per cent in the euro area and by 0.4 per cent in the European Union during March 2026, according to Eurostat. This modest upturn follows a challenging period in February 2026, when services production fell by 0.3 per cent in both the euro area and the European Union. On an annual basis, comparing March 2026 with March 2025, production in the services sector rose by 0.9 per cent in the euro area and by 1.4 per cent acros
The European services sector demonstrated a slight recovery in March 2026, with production in the euro area rising by 0.2% and in the European Union by 0.4%. This follows a dip in February, indicating a modest rebound for the industry. Key growth areas included transportation, storage, and information and communication services across both regions.
However, the performance was not uniform, as accommodation and food services, along with real estate activities, experienced declines in several countries. Hungary reported the most significant monthly increase in services production, while Greece saw the largest decrease.
This data provides insight into the health and direction of a significant portion of the European economy, reflecting consumer and business activity.
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