Industrial production in the EU increased by 0.3% m/m in January

In January 2025, seasonally adjusted industrial production in the European Union increased by 0.3% compared to December 2024. In the euro area, the figure increased by 0.8% m/m. This is evidenced by preliminary data from Eurostat.

Compared to January 2024, industrial production in the euro area remained stable, while in the EU it decreased by 0.2%.

Among the EU member states, the highest monthly growth was recorded in Lithuania (+4.6%), Portugal (+3.7%) and Austria (+3.3%). The largest declines were observed in Malta (-12.9%), Denmark (-10.6%), and Slovakia (-7.3%).

On an annualized basis, industrial production in January 2025 fell the most in Slovakia (-5.1%), Denmark (-4.4%), and Hungary (-4.0%). The largest increase was observed in Ireland (+10.4%), Lithuania (+9.8%) and Croatia (+7.6%).

Energy production in the euro area in January decreased by 1.2% m/m and 1.6% y/y. In the EU, energy production in the same period fell by 2% m/m and 2.1% y/y.

According to the revised data, in December, industrial production in the euro area fell by 0.4% m/m and 1.5% y/y, and in the EU – by 0.2% m/m and 1.1% y/y.

EUROFER, the European steel producers’ 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.