Volume change in industrial production in the Member States of the European Union, March 2025
Released: 17 May 2025
The volume of industrial production in the European Union grew, according to calendar adjusted data, by 2.7% in March 2025, year-on-year. Industrial output was higher in the majority of the member states than a year earlier, the most significant increase (50%) being recorded in Ireland. (In case of Ireland the multinational companies registered there may cause sometimes outstanding values). Malta and Lithuania followed Ireland, with growth values of 10% and 7.8%. The most significant decrease was recorded in Bulgaria (-8.3%).
In Hungary, based on calendar adjusted data industrial production in March 2025 was 5.4% lower than in the same period of the previous year.1 Considering the Visegrad group countries industrial performance grew by 1.5% in Czechia, by 2.8% in Poland, by 3.5% in Slovakia.
Compared to the previous month industrial output increased by 0.1% in Hungary, by 1.9% in the EU as a whole. Hungary’s volume growth of industrial production was identical with that of France and Italy.
Based on unadjusted data in March 2025 Hungary’s volume of industrial production remained at the level of the previous year. Production volume grew in about half of the manufacturing subsections, in the largest degree in the electronics industry, by 16%. Output in the largest weight representing manufacture of transport equipment was 2.8% higher, among the larger weight showing subsections the performance of the food industry was 0.9% higher year-on-year. Production volume increased (by 4.1%–12%) in the fields of coke production and petroleum refining, pharmaceutical industry as well as in the wood, paper and printing industry. The manufacture of electrical equipment lagged behind the one year earlier level the most among the subsections, by 20%. Volume decreases between 0.2%–4.8% have been observed in the other subsections.
According to the forecast of Trading Economics2 industrial production in Hungary will increase in the 2nd-4th quarters of 2025, year-on-year, quarterly by 2.8%–3.8%.
Table 1
Volume of industrial production in the member states of the European Union, March 2025
Territorial units
% change compared with
year 2021a)
the previous montha)
the same month of the previous yearb)
European Union average
1.5
1.9
2.7
Euro area
0.9
2.6
3.6
Belgium
–10.4
1.7
–2.2
Bulgaria
–7.5
–3.6
–8.3
Czechia
1.7
0.5
1.5
Denmark
21.3
–4.6
–5.7
Germany
–5.6
3.1
0.3
Estonia
–10.0
–1.3
0.5
Ireland
41.9
14.6
50.2
Greece
8.7
–4.6
1.7
Spain
2.5
1.0
1.3
France
1.6
0.1
0.3
Croatia
–0.4
–2.0
3.1
Italy
–6.7
0.1
–1.8
Cyprus
10.4
–1.2
2.0
Latvia
–6.6
–2.0
–2.5
Lithuania
12.0
2.8
7.8
Luxembourg
–12.0
–6.3
–4.3
Hungary
–7.1
0.1
–5.4
Malta
20.7
4.4
10.1
Netherlands
1.5
–0.3
2.3
Austria
2.5
–0.3
0.4
Poland
9.2
–1.4
2.8
Portugal
–1.9
–4.0
–5.6
Romania
–4.9
–0.5
–7.8
Slovenia
–7.0
–1.3
–1.9
Slovakia
–0.6
0.7
3.5
Finland
3.3
3.5
7.7
Sweden
–0.5
–0.5
–2.7
a) Calendar and seasonally adjusted.
b) Calendar adjusted.
Source: Euro indicators – Industrial production, March 2025 (15 May 2025)
Figure 1
Figure 2
Footnotes
-
Due to methodological differences data from the First release entitled Industry – (second estimate) may differ from the ones published by Eurostat. According to domestic methodology the calendar adjusted volume of industrial production in Hungary lessened by 5.4% in March compared to the same month of the previous year, while it grew, seasonally and calendar adjusted, by 0.1%, compared to the previous month, in both cases identically with the data published by Eurostat. ↩
-
Trading Economics data are available upon registration. ↩
Released: 17 May 2025
The volume of industrial production in the European Union grew, according to calendar adjusted data, by 2.7% in March 2025, year-on-year. Industrial output was higher in the majority of the member states than a year earlier, the most significant increase (50%) being recorded in Ireland. (In case of Ireland the multinational companies registered there may cause sometimes outstanding values). Malta and Lithuania followed Ireland, with growth values of 10% and 7.8%. The most significant decrease was recorded in Bulgaria (-8.3%).
In Hungary, based on calendar adjusted data industrial production in March 2025 was 5.4% lower than in the same period of the previous year.1 Considering the Visegrad group countries industrial performance grew by 1.5% in Czechia, by 2.8% in Poland, by 3.5% in Slovakia.
Compared to the previous month industrial output increased by 0.1% in Hungary, by 1.9% in the EU as a whole. Hungary’s volume growth of industrial production was identical with that of France and Italy.
Based on unadjusted data in March 2025 Hungary’s volume of industrial production remained at the level of the previous year. Production volume grew in about half of the manufacturing subsections, in the largest degree in the electronics industry, by 16%. Output in the largest weight representing manufacture of transport equipment was 2.8% higher, among the larger weight showing subsections the performance of the food industry was 0.9% higher year-on-year. Production volume increased (by 4.1%–12%) in the fields of coke production and petroleum refining, pharmaceutical industry as well as in the wood, paper and printing industry. The manufacture of electrical equipment lagged behind the one year earlier level the most among the subsections, by 20%. Volume decreases between 0.2%–4.8% have been observed in the other subsections.
According to the forecast of Trading Economics2 industrial production in Hungary will increase in the 2nd-4th quarters of 2025, year-on-year, quarterly by 2.8%–3.8%.
Volume of industrial production in the member states of the European Union, March 2025
| Territorial units | % change compared with | ||
|---|---|---|---|
| year 2021a) | the previous montha) | the same month of the previous yearb) | |
| European Union average | 1.5 | 1.9 | 2.7 |
| Euro area | 0.9 | 2.6 | 3.6 |
| Belgium | –10.4 | 1.7 | –2.2 |
| Bulgaria | –7.5 | –3.6 | –8.3 |
| Czechia | 1.7 | 0.5 | 1.5 |
| Denmark | 21.3 | –4.6 | –5.7 |
| Germany | –5.6 | 3.1 | 0.3 |
| Estonia | –10.0 | –1.3 | 0.5 |
| Ireland | 41.9 | 14.6 | 50.2 |
| Greece | 8.7 | –4.6 | 1.7 |
| Spain | 2.5 | 1.0 | 1.3 |
| France | 1.6 | 0.1 | 0.3 |
| Croatia | –0.4 | –2.0 | 3.1 |
| Italy | –6.7 | 0.1 | –1.8 |
| Cyprus | 10.4 | –1.2 | 2.0 |
| Latvia | –6.6 | –2.0 | –2.5 |
| Lithuania | 12.0 | 2.8 | 7.8 |
| Luxembourg | –12.0 | –6.3 | –4.3 |
| Hungary | –7.1 | 0.1 | –5.4 |
| Malta | 20.7 | 4.4 | 10.1 |
| Netherlands | 1.5 | –0.3 | 2.3 |
| Austria | 2.5 | –0.3 | 0.4 |
| Poland | 9.2 | –1.4 | 2.8 |
| Portugal | –1.9 | –4.0 | –5.6 |
| Romania | –4.9 | –0.5 | –7.8 |
| Slovenia | –7.0 | –1.3 | –1.9 |
| Slovakia | –0.6 | 0.7 | 3.5 |
| Finland | 3.3 | 3.5 | 7.7 |
| Sweden | –0.5 | –0.5 | –2.7 |
b) Calendar adjusted.
Source: Euro indicators – Industrial production, March 2025 (15 May 2025)
Footnotes
-
Due to methodological differences data from the First release entitled Industry – (second estimate) may differ from the ones published by Eurostat. According to domestic methodology the calendar adjusted volume of industrial production in Hungary lessened by 5.4% in March compared to the same month of the previous year, while it grew, seasonally and calendar adjusted, by 0.1%, compared to the previous month, in both cases identically with the data published by Eurostat. ↩
-
Trading Economics data are available upon registration. ↩