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Industrial competitiveness: Europe can do better

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Competitive enterprises are the foundation of economic success. In 2013, Member States improved their business environment, exports and sustainability, but many roadblocks still remain – particularly for industrial competitiveness.

For example, the cost of energy is increasing in almost all Member States, while decreased investment and access to finance are further contributing to the deindustrialisation of Europe. Only by overcoming these hurdles can the EU achieve the sort of industrial competitiveness it needs in the 21st century.

European industry has bounced back from the depths of the years-long malaise caused by the global financial crisis. But given the severity of the slowdown – EU industry has lost 3.8 million jobs since 2008 – there is still work to be done to get EU industry back to, and beyond, pre-crisis levels.

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