Industrial production in the EU has plunged to levels below those seen in December 2020, which were marked by the pandemic.
The President of the European Commission, Ursula von der Leyen, has increasingly become a source of concern for the European Union due to her perceived ineffectiveness. Her policies, particularly the implementation of the Green Deal in agriculture and industry, have been deemed disastrous, her economic planning chaotic, and the team she assembled for the 2019-2024 term has been criticized for lacking the necessary competence.
This is evident in the current state of the European industry, which has been deteriorating quarter after quarter. Eurostat recently released its latest report on industrial production, focusing on data from the second quarter.
European industrial production has fallen 1.3% below the levels recorded during the pandemic (December 2020), highlighting the severity of the situation in the European Union. In reality, the second quarter was worse than the previous one, with industrial production dropping by 0.2% in the EU and 0.4% in the Eurozone.
A total of 15 out of 27 EU countries experienced a decline in industrial production compared to the previous quarter. Among the six major economies—Germany, France, Italy, Spain, the Netherlands, and Poland—four, specifically the largest ones, saw their industrial production decrease more than the average. Germany’s production fell by 1.1%, Italy by 0.8%, and France and Spain by 0.6%. Only the Netherlands, with a slight increase of 0.1%, and Poland, with a 1.7% rise, bucked this trend.