In January 2018 compared with December 2017, seasonally adjusted industrial production fell by 1.0% in the euro area (EA19) and by 0.7% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In December 2017, industrial production rose by 0.4% in the euro area and by 0.3% in the EU28.
EU Ministers of Economy opened a political discussion on the future of industrial policy in Europe, with the aim of preparing a comprehensive and long-term EU industrial strategy with a horizon of 2030. The Ministers met in Sofia on 1 February 2018 in the framework of the informal meeting on Competitiveness.
In September 2017, the European Commission announced a renewed EU industrial policy that aims at empowering European industries to deliver sustainable growth and jobs. Despite the renewed momentum for industrial policy, many questions remain about the specifics of the proposed policy, the role of strategic value chains and the implementation of industrial policy on a national level. Our event will bring policymakers, key industry sectors and experts together to address these issues ahead of the new EU political cycle.
The Commission’s proposal on industrial policy is a step in the right direction, but the EU needs a long term, comprehensive strategy: this is one of the conclusions of the debate at the Employers’ Group meeting on 6 December 2017. The aim of the debate was to contribute to two opinions on industrial policy that the EESC is currently working on.
This briefing summarises the main features of the EU industrial policy based on the solutions currently envisaged by the EU Commission.
b) Council conclusions on “A renewed EU Industrial Policy Strategy” – Adoption