EU:Production of manufactured goods up by 8%

Brussels:europe and arabs
Following two successive years of industrial production decline, including a 7% fall in 2020, the EU’s production of manufactured goods rebounded in 2021. The latest data from Eurostat indicate an 8% increase in the production of manufactured goods in 2021 compared with 2020. 

Between 2011 and 2014, the EU’s production slightly decreased for two consecutive years before starting a gradual increase until 2018. In 2019, the value of sold production registered a small decrease, then dropped more sharply in 2020 due to the pandemic's effects. The outbreak of COVID-19 and related containment measures widely introduced by the EU Member States had a significant impact on the EU’s industrial production in 2020, but 2021 showed increases in production in all the industrial activity groups.

In nominal terms, the EU’s value of sold production jumped from €4 581 billion in 2020 to €5 209 billion in 2021, by 14%.

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