Industrial production in the EU grew by 1.9% m/m in March

In March 2025, seasonally adjusted industrial production in the European Union (EU) increased by 1.9% m/m compared to the previous month. In the euro area, the figure increased by 2.6% m/m. This is evidenced by preliminary data from Eurostat.

Compared to March 2024, industrial production in the euro area increased by 3.6%, and in the EU – by 2.7%.

Among the EU member states, the highest monthly growth was recorded in Ireland (+14.6%), Malta (+4.4%) and Finland (+3.5%). The largest declines were observed in Luxembourg (-6.3%), Denmark and Greece (both -4.6%), and Portugal (-4.0%).

On an annualized basis, industrial production in February 2025 increased the most in Ireland (+50.2%), Malta (+10.1%) and Lithuania (+7.8%). The largest decline was observed in Bulgaria (-8.3%), Romania (-7.8%) and Denmark (-5.7%).

Energy production in the euro area in March fell by 0.5% m/m and increased by 2.2% y/y. In the EU, energy production in the same period decreased by 1.7% m/m and increased by 0.8% y/y.

According to revised data, in February, industrial production in the euro area increased by 1.1% m/m and 1% y/y, and in the EU – by 1.1% m/m and 0.6% y/y.

As a reminder, EUROFER, the European steelmakers’ association, has revised its forecast for apparent steel consumption in the EU in 2025, lowering the expected growth to +2.2% from the previous +3.8%. This reflects the ongoing difficulties in the sector amid global economic instability, high energy costs and growing imports.