The European Commission presented on 14 October its Communication on "Industrial policy: Reinforcing competitiveness", which looks specifically at the industrial competitiveness performance of the Member States.
The EU economic recovery has been relatively slow and remains fragile. This is reflected in the worsening sentiment across the European economy. Moreover, there are clear downside risks stemming from financial markets, rising energy and raw materials prices, and the need for budgetary consolidation. However, EU industry is in good shape and has the potential to push the European economy back to growth.