Slowdown In EU Manufacturing Recovery

2011/9/22 11:13:00 21

In September 19, 2011, the report issued by the European Commission showed that in the second quarter of 2011,

European Union

Manufacturing output was flat compared with the first quarter, and the pace of recovery in manufacturing industry slowed down significantly. The recent decline in corporate confidence shows that growth in the second half of 2011 is also difficult to pick up.

The report points out that the EU manufacturing output is affected by the supply disruption caused by the Japanese tsunami, and the price of energy and other imported products and the fiscal tightening policies adopted by some member countries have affected the pace of recovery.

However, the report also stressed that manufacturing output still increased by 4.5% compared with a year ago, although it was 8% lower than the peak in early 2008, but it was 19% higher than the lowest level in early 2009.

The report shows that in all sectors, the electronics, machinery and engineering sectors are growing most rapidly, while the production of intermediate products is decreasing significantly.

At the same time, the EU's exports have returned to its peak level, but within the European Union

Trade

Growth and demand and private consumption are still sluggish, which is far behind the growth of emerging countries.

Antonio Taliani, vice chairman of the European Commission for industrial affairs, said the overall situation of the European industrial sector was still better than before the crisis, especially in Germany and France in July.

However, in the case of slower recovery, EU countries should continue to stimulate structural reforms.

Industry

Sector and SME potential to promote growth and enhance competitiveness.