Impact of the economic crisis on key sectors of the EU, August 2009 Gepubliceerd op: 30/08/2009, Laatste bijwerking: 30/10/2009
- DG ENTR/Development of Industrial Policy.
This serie of reports is prepared on a monthly basis by DG Enterprise and Industry. It aims at describing the impact of the economic crisis on the manufacturing and construction industries.
The tentative indications are that EU manufacturing output is beginning to stabilise at a level some 20% below its peak in the first quarter of 2008. Whilst overall manufacturing production data showed a small increase in May followed by a small fall in June, output in many sectors has begun to stabilise or even recover somewhat. Recent confidence surveys show a more positive outlook, suggesting that excess inventories have been somewhat reduced and showing future production expectations are less negative. However these indicators still remain at levels comparable with the lowest point of confidence in the industrial recession of 2001/2. Data on new orders and export volumes also show stabilisation in recent months. In contrast, output in the construction industry has continued to fall and is now 14% below its peak in the first quarter of 2008.
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