Industrial production in the EU rose by 1.5% m/m in May

Among EU member states, the highest monthly decline was recorded in Ireland – 12.4%

In May 2025, industrial production in the European Union (EU), adjusted for seasonal changes, increased by 1.5% compared to the previous month. In the eurozone, the indicator increased by 1.7% month-on-month. This is evidenced by preliminary data from Eurostat.

Compared to May 2024, industrial production in the eurozone increased by 3.7%, and in the EU – by 3.4%.

Among EU member states, the highest monthly growth was recorded in Ireland (+12.4%), Malta (+3.4%) and Germany (+2.2%). The largest declines were observed in Croatia (-2.9%), Slovakia (-2.8%), and Belgium (-2.7%).

In annual terms, industrial production in May 2025 grew most in Ireland (+40.7%), Finland (+5.9%) and Sweden (+5.0%). The largest declines were observed in Belgium (-7.3%), Bulgaria (-6.5%), and Denmark (-4.2%).

Energy production in the eurozone increased by 3.7% month-on-month and 2.6% year-on-year. In the EU, energy production increased by 3.2% month-on-month and 1.7% year-on-year during the same period.

According to revised data, industrial production in the eurozone fell by 2.2% month-on-month and rose by 0.2% year-on-year in April, while in the EU it fell by 1.6% month-on-month and rose by 0.2% year-on-year.

It should be noted that the European Steel Association (EUROFER) expects steel consumption in the EU to decline for the fourth consecutive year. Both real and apparent steel consumption in the EU will decline again, by 3.3% y/y and 0.9% y/y, respectively. The market will not recover until 2026 at the earliest.