Industrial production in the EU rose by 0.2% m/m in July

In July 2025, industrial production in the European Union (EU), adjusted for seasonal changes, grew by 0.2% compared to the previous month. In the eurozone, the indicator increased by 0.3% m/m. This is evidenced by preliminary data from Eurostat.

Compared to July 2024, industrial production in the eurozone grew by 1.8%, as did in the EU.

Among EU member states, the highest monthly growth was recorded in Croatia (+2.6%), Hungary and Slovenia (both +2.1%). The largest declines were observed in Estonia (-5.5%), Malta (-4.7%) and Sweden (-3.9%).

In annual terms, industrial production in July 2025 grew most in Latvia (+9.8%), Ireland (+8.1%) and Sweden (+4.1%). The largest declines were observed in Bulgaria (-8.3%), Luxembourg (-4.7%), and Slovakia (-4.6%).

Energy production in the eurozone fell by 2.9% month-on-month and 0.5% year-on-year. In the EU, energy production fell by 2.1% month-on-month and 0.6% year-on-year during the same period.

It should be noted that inflation in the eurozone in July 2025 rose by 2% compared to the same month in 2024. Thus, the indicator stabilized at the June level. Analysts had expected it to slow down to 1.9% on average, according to Trading Economics.

As reported by GMK Center, in Q1 2025, the EU steel market showed mixed dynamics. Real steel consumption declined for the eleventh consecutive quarter, by 5.5% year-on-year, after falling by 7.6% in Q4 2024. At the same time, apparent steel consumption grew by 2.2% y/y, marking the second consecutive quarter of positive dynamics after a 0.5% increase at the end of 2024.