Volume change in industrial production in the Member States of the European Union, May 2025
Released: 16 July 2025
The volume of industrial production, based on calendar adjusted data, grew by 3.4% in the European Union in May 2025, year-on-year. Industrial output was larger in the majority of the member states compared to the previous year, the largest growth occurring in Ireland (40.7%). (In case of Ireland multinational concerns registered there may sometimes generate outstanding values.) Finland and Sweden followed in the ranking, with growths of 5.9% and 5.0%. The largest decrease occurred in Belgium and Bulgaria (−7.3% and −6.5%).
Based on calendar adjusted data the May 2025 production volume was below the one year earlier level by 2.6% in Hungary1. Considering the Visegrad countries industrial performance grew by 2.2% in Czechia, by 2.3% in Poland, and lessened by 4.1% in Slovakia.
Industrial output lessened by 1.3% in Hungary and increased by 1.5% in the EU as a whole compared to the previous month. The volume decrease of the industrial production in our country was almost identical with that of Austria.
The volume of the May 2025 industrial production lagged behind the one year earlier level by 2.6% in Hungary, based on unadjusted data. Production volume decreased in the majority of manufacturing subsections, most of all in the manufacture of chemicals and chemical products (by 17.3%). Among the largest weight representing subsections output grew by 6.0% in the manufacture of transport equipment, and lessened in a similar degree in the food industry, year-on-year. Beside the manufacture of transport equipment production volume grew in the electronics industry, too, (by 1.1%), the other subsections registered decreases between 2.2% and 7.7%.
According to the prognosis of Trading Economics2 industrial production is going to grow in Hungary, quarterly by 2.7%–4.0%, year‑on‑year, in the period between the 3rd quarter of 2025 and the 2nd quarter of 2026.
Table 1
Volume of industrial production in the member states of the European Union, May 2025
Territorial units
% change compared with
year 2021a)
the previous montha)
the same month of the previous yearb)
European Union average
1.0
1.5
3.4
Euro area
–0.2
1.7
3.7
Belgium
–13.7
–2.7
–7.3
Bulgaria
–6.9
0.4
–6.5
Czechia
1.0
–1.6
2.2
Denmark
25.2
0.8
–4.2
Germany
–6.2
2.2
1.9
Estonia
–8.9
–0.5
1.0
Ireland
35.5
12.4
40.7
Greece
8.8
–0.5
–2.1
Spain
2.0
0.6
1.7
France
–0.1
–0.5
–1.0
Croatia
–0.2
–2.9
1.8
Italy
–6.5
–0.7
–0.9
Cyprus
9.1
–1.9
0.0
Latvia
–3.7
1.4
4.0
Lithuania
9.5
1.8
2.9
Luxembourg
–7.7
–0.6
–0.7
Hungary
–6.1
–1.3
–2.6
Malta
16.3
3.4
3.7
Netherlands
1.3
0.4
1.6
Austria
1.2
–1.2
0.2
Poland
11.4
0.4
2.3
Portugal
1.3
1.8
2.0
Romania
–1.6
–0.6
4.6
Slovenia
–7.8
0.9
–0.2
Slovakia
–3.0
–2.8
–4.1
Finland
3.6
0.0
5.9
Sweden
4.3
0.4
5.0
a) Calendar and seasonally adjusted.
b) Calendar adjusted.
Source: Euro indicators – Industrial production, May 2025 (15 July 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 2.6% in May compared to the same month of the previous year, and by 1.3% considering seasonally and calendar adjusted data, compared to the previous month, in both cases in a similar degree as in the data published by Eurostat. ↩
-
Trading Economics data are available upon registration. ↩
Released: 16 July 2025
The volume of industrial production, based on calendar adjusted data, grew by 3.4% in the European Union in May 2025, year-on-year. Industrial output was larger in the majority of the member states compared to the previous year, the largest growth occurring in Ireland (40.7%). (In case of Ireland multinational concerns registered there may sometimes generate outstanding values.) Finland and Sweden followed in the ranking, with growths of 5.9% and 5.0%. The largest decrease occurred in Belgium and Bulgaria (−7.3% and −6.5%).
Based on calendar adjusted data the May 2025 production volume was below the one year earlier level by 2.6% in Hungary1. Considering the Visegrad countries industrial performance grew by 2.2% in Czechia, by 2.3% in Poland, and lessened by 4.1% in Slovakia.
Industrial output lessened by 1.3% in Hungary and increased by 1.5% in the EU as a whole compared to the previous month. The volume decrease of the industrial production in our country was almost identical with that of Austria.
The volume of the May 2025 industrial production lagged behind the one year earlier level by 2.6% in Hungary, based on unadjusted data. Production volume decreased in the majority of manufacturing subsections, most of all in the manufacture of chemicals and chemical products (by 17.3%). Among the largest weight representing subsections output grew by 6.0% in the manufacture of transport equipment, and lessened in a similar degree in the food industry, year-on-year. Beside the manufacture of transport equipment production volume grew in the electronics industry, too, (by 1.1%), the other subsections registered decreases between 2.2% and 7.7%.
According to the prognosis of Trading Economics2 industrial production is going to grow in Hungary, quarterly by 2.7%–4.0%, year‑on‑year, in the period between the 3rd quarter of 2025 and the 2nd quarter of 2026.
Volume of industrial production in the member states of the European Union, May 2025
| Territorial units | % change compared with | ||
|---|---|---|---|
| year 2021a) | the previous montha) | the same month of the previous yearb) | |
| European Union average | 1.0 | 1.5 | 3.4 |
| Euro area | –0.2 | 1.7 | 3.7 |
| Belgium | –13.7 | –2.7 | –7.3 |
| Bulgaria | –6.9 | 0.4 | –6.5 |
| Czechia | 1.0 | –1.6 | 2.2 |
| Denmark | 25.2 | 0.8 | –4.2 |
| Germany | –6.2 | 2.2 | 1.9 |
| Estonia | –8.9 | –0.5 | 1.0 |
| Ireland | 35.5 | 12.4 | 40.7 |
| Greece | 8.8 | –0.5 | –2.1 |
| Spain | 2.0 | 0.6 | 1.7 |
| France | –0.1 | –0.5 | –1.0 |
| Croatia | –0.2 | –2.9 | 1.8 |
| Italy | –6.5 | –0.7 | –0.9 |
| Cyprus | 9.1 | –1.9 | 0.0 |
| Latvia | –3.7 | 1.4 | 4.0 |
| Lithuania | 9.5 | 1.8 | 2.9 |
| Luxembourg | –7.7 | –0.6 | –0.7 |
| Hungary | –6.1 | –1.3 | –2.6 |
| Malta | 16.3 | 3.4 | 3.7 |
| Netherlands | 1.3 | 0.4 | 1.6 |
| Austria | 1.2 | –1.2 | 0.2 |
| Poland | 11.4 | 0.4 | 2.3 |
| Portugal | 1.3 | 1.8 | 2.0 |
| Romania | –1.6 | –0.6 | 4.6 |
| Slovenia | –7.8 | 0.9 | –0.2 |
| Slovakia | –3.0 | –2.8 | –4.1 |
| Finland | 3.6 | 0.0 | 5.9 |
| Sweden | 4.3 | 0.4 | 5.0 |
b) Calendar adjusted.
Source: Euro indicators – Industrial production, May 2025 (15 July 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 2.6% in May compared to the same month of the previous year, and by 1.3% considering seasonally and calendar adjusted data, compared to the previous month, in both cases in a similar degree as in the data published by Eurostat. ↩
-
Trading Economics data are available upon registration. ↩