Industrial production in the EU rose by 0.1% m/m in April

In April 2026, seasonally adjusted industrial production rose by 0.1% m/m in both the eurozone and the EU. This is according to preliminary data from Eurostat.

Among the bloc’s member states, the largest monthly increase in industrial production in April was recorded in Malta (+5.2%), Sweden (+3.4%), and the Netherlands (+1.6%). The largest declines were observed in Bulgaria (-4.6%), Greece (-3.5%), and Poland (-3.4%).

On a year-over-year basis, industrial production in the eurozone rose by 0.3% in April, and by 0.9% in the EU.

The largest declines compared to April 2025 were recorded in Luxembourg (-6.1%), Bulgaria and Ireland (-4.2% for both), as well as Estonia (-3.9%). The largest increases were observed in Denmark (+12.2%), Lithuania (+7.4%), and Malta (+7.3%).

In April of this year, compared to March, production in the energy sector fell by 0.4% in the eurozone and by 0.1% in the EU. On an annual basis, the figure rose by 1.6% and 1.5%, respectively.

As a reminder, in its latest June forecast, the ECB raised its inflation forecast for the eurozone in 2026 to 3%, compared to 2.6% in the previous March review. Projections for 2027 stand at 2.3%, and for 2028 at 2%.

Additionally, the regulator lowered its forecast for eurozone economic growth this year by 0.1 percentage points, to 0.8%.

As noted, the outlook remains uncertain, with risks of rising inflation and slowing economic growth. The full impact of the war will depend on the intensity and duration of the energy price shock, as well as the scale of its indirect and secondary effects.