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

In November 2025, industrial production in the European Union, adjusted for seasonal fluctuations, increased by 0.2% compared to October, while in the eurozone countries, the increase was 0.7% month-on-month. This is evidenced by preliminary data from Eurostat.

The annual dynamics also remained positive. In November, industrial production in the EU exceeded the level of the same month last year by 2.2%, and in the eurozone by 2.5% y/y.

Among the main industrial groups in the eurozone in November, growth was recorded in the capital goods (+2.8% m/m) and intermediate goods (+0.3%) segments. At the same time, energy production fell by 2.2% m/m, durable consumer goods by 1.3%, and non-durable goods by 0.6%.

In the EU as a whole, capital goods production increased in November (+2.5% m/m), while output in the energy segment decreased by 1.7%, durable consumer goods by 1.8%, and non-durable goods by 1.2%. Intermediate goods production remained stable.

Among EU member states, the highest monthly growth in industrial production was recorded in Estonia (+6.0%), Lithuania (+5.8%), and the Czech Republic (+2.3%). The largest declines were observed in Luxembourg (-7.3%), Denmark (-5.1%), and Portugal (-3.0%).

In annual terms, Ireland (+10.6%), Cyprus (+10.5%), and Croatia (+8.8%) were the leaders in growth. Bulgaria (-9.3%), Malta (-8.2%), and Hungary (-5.5%) showed the worst dynamics.

As reported by GMK Center, in Q1 2025, the EU steel market showed mixed dynamics. Real steel consumption declined for the 11th consecutive quarter, by 5.5% y/y, following a 7.6% decline in Q4 2024. At the same time, apparent steel consumption grew by 2.2% y/y, which was the second consecutive quarter of positive dynamics after a 0.5% increase at the end of 2024.