Volume change in industrial production in the Member States of the European Union, January 2025
Released: 17 March 2025
The volume of industrial production, based on calendar adjusted data, decreased by 0.2% in the European Union in January 2025, year-on-year. At the same time industrial output was larger in the majority of the member states compared to the previous year, the largest growth occurring in Ireland (10.4%). The decrease in Slovakia (5.1%) was the largest.
Based on calendar adjusted data the January 2025 production volume was below the one year earlier level by 4.0% in Hungary.1 Considering the Visegrad countries industrial performance grew by 1.9% in Poland, in contrast lessened by 0.6% in Czechia and by 5.1% in Slovakia.
Industrial output grew by 0.9% in Hungary, by 0.3% in the whole of the EU compared to the previous month, our country ranking in the lower third among the member states considering the industrial production volume index.
The volume of the January 2025 industrial production lagged behind the one year earlier level by 3.9% in Hungary, based on unadjusted data. Production volume grew in fivemanufacturing subsections, in eight, however, decreased, most of all in the manufacture of electrical equipment (by 30%). Output in the manufacture of transport equipment, having the largest weight, decreased by 3.0%, year-on-year. Among subsections with larger weight the performance of food industry lessened by 0.6%, while that of electronics industry surpassed the January of the previous year’s level by 15%. Almost the same volume growth was observed in the wood, paper and printing industry (14%) as well as in the manufacture of chemicals and chemical products (11%).
According to the prognosis of Trading Economics industrial production is going to grow in Hungary in 2025, year-on-year, by 2.1 – 3.8% in the individual quarters.
Table 1
Volume of industrial production in the EU member states, January 2025
Territorial units
% change compared with
year 2021a)
the previous montha)
the same month of the previous yearb)
European Union average
-1.5
0.3
-0.2
Euro area
-2.9
0.8
0.0
Belgium
-9.4
0.6
0.8
Bulgaria
-3.4
-2.0
-3.4
Czechia
-0.4
-0.3
-0.6
Denmark
21.4
-10.6
-4.4
Germany
-7.6
2.3
-1.8
Estonia
-13.7
-6.0
-2.5
Ireland
6.6
-3.9
10.4
Greece
11.9
-0.7
1.9
Spain
0.6
-1.0
-1.0
France
0.0
-0.6
-1.5
Croatia
5.7
2.1
7.6
Italy
..
..
..
Cyprus
9.4
1.1
4.9
Latvia
-6.1
2.3
0.5
Lithuania
12.5
4.6
9.8
Luxembourg
-9.0
-3.3
1.8
Hungary
-5.7
0.9
-4.0
Malta
10.5
-12.9
3.4
Netherlands
1.2
0.7
0.5
Austria
3.3
3.3
-0.2
Poland
10.7
0.7
1.9
Portugal
-4.4
3.7
-3.5
Romania
-2.2
2.1
1.8
Slovenia
-2.7
1.6
3.5
Slovakia
-6.8
-7.3
-5.1
Finland
1.7
1.1
0.5
Sweden
1.1
-6.4
-3.0
a) Calendar and seasonally adjusted.
b) Calendar adjusted.
Source: Euro indicators – Industrial production, January 2025 (13 March 2025)
Figure 1
Figure 2
Footnotes
-
Due to methodological differences data from the First release entitled Industry – January 2025 (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 3.9% compared to the same month of the previous year, while it grew, seasonally and calendar adjusted, by 0.8%, compared to the previous month. ↩
Released: 17 March 2025
The volume of industrial production, based on calendar adjusted data, decreased by 0.2% in the European Union in January 2025, year-on-year. At the same time industrial output was larger in the majority of the member states compared to the previous year, the largest growth occurring in Ireland (10.4%). The decrease in Slovakia (5.1%) was the largest.
Based on calendar adjusted data the January 2025 production volume was below the one year earlier level by 4.0% in Hungary.1 Considering the Visegrad countries industrial performance grew by 1.9% in Poland, in contrast lessened by 0.6% in Czechia and by 5.1% in Slovakia.
Industrial output grew by 0.9% in Hungary, by 0.3% in the whole of the EU compared to the previous month, our country ranking in the lower third among the member states considering the industrial production volume index.
The volume of the January 2025 industrial production lagged behind the one year earlier level by 3.9% in Hungary, based on unadjusted data. Production volume grew in fivemanufacturing subsections, in eight, however, decreased, most of all in the manufacture of electrical equipment (by 30%). Output in the manufacture of transport equipment, having the largest weight, decreased by 3.0%, year-on-year. Among subsections with larger weight the performance of food industry lessened by 0.6%, while that of electronics industry surpassed the January of the previous year’s level by 15%. Almost the same volume growth was observed in the wood, paper and printing industry (14%) as well as in the manufacture of chemicals and chemical products (11%).
According to the prognosis of Trading Economics industrial production is going to grow in Hungary in 2025, year-on-year, by 2.1 – 3.8% in the individual quarters.
Volume of industrial production in the EU member states, January 2025
| Territorial units | % change compared with | ||
|---|---|---|---|
| year 2021a) | the previous montha) | the same month of the previous yearb) | |
| European Union average | -1.5 | 0.3 | -0.2 |
| Euro area | -2.9 | 0.8 | 0.0 |
| Belgium | -9.4 | 0.6 | 0.8 |
| Bulgaria | -3.4 | -2.0 | -3.4 |
| Czechia | -0.4 | -0.3 | -0.6 |
| Denmark | 21.4 | -10.6 | -4.4 |
| Germany | -7.6 | 2.3 | -1.8 |
| Estonia | -13.7 | -6.0 | -2.5 |
| Ireland | 6.6 | -3.9 | 10.4 |
| Greece | 11.9 | -0.7 | 1.9 |
| Spain | 0.6 | -1.0 | -1.0 |
| France | 0.0 | -0.6 | -1.5 |
| Croatia | 5.7 | 2.1 | 7.6 |
| Italy | .. | .. | .. |
| Cyprus | 9.4 | 1.1 | 4.9 |
| Latvia | -6.1 | 2.3 | 0.5 |
| Lithuania | 12.5 | 4.6 | 9.8 |
| Luxembourg | -9.0 | -3.3 | 1.8 |
| Hungary | -5.7 | 0.9 | -4.0 |
| Malta | 10.5 | -12.9 | 3.4 |
| Netherlands | 1.2 | 0.7 | 0.5 |
| Austria | 3.3 | 3.3 | -0.2 |
| Poland | 10.7 | 0.7 | 1.9 |
| Portugal | -4.4 | 3.7 | -3.5 |
| Romania | -2.2 | 2.1 | 1.8 |
| Slovenia | -2.7 | 1.6 | 3.5 |
| Slovakia | -6.8 | -7.3 | -5.1 |
| Finland | 1.7 | 1.1 | 0.5 |
| Sweden | 1.1 | -6.4 | -3.0 |
b) Calendar adjusted.
Source: Euro indicators – Industrial production, January 2025 (13 March 2025)
Footnotes
-
Due to methodological differences data from the First release entitled Industry – January 2025 (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 3.9% compared to the same month of the previous year, while it grew, seasonally and calendar adjusted, by 0.8%, compared to the previous month. ↩