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INTERNAL MARKET, INDUSTRY, ENTREPRENEURSHIP AND SMES - EU Industry: Economic recovery continues at a slower pace
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class="ecl-col-m-12 nr-main-body"> <!-- page main body start --> <div class="ecl-page-header-standardised"> <div class="ecl-container"> <div class="ecl-page-header-standardised__meta"> <span class="ecl-u-type-uppercase" style="display:flex; align-items:center; flex-direction:row;"> <a href="https://ec.europa.eu/newsroom/growth/items">Overview</a> <svg class="ecl-icon ecl-icon--s ecl-icon--rotate-90 ecl-icon--primary" focusable="false" aria-hidden="true"> <use xlink:href="https://ec.europa.eu/newsroom/img/ecl/icons.6770a2ae.svg#corner-arrow"></use> </svg> <a href="https://ec.europa.eu/newsroom/growth/items/itemType/1053">News</a> </span> </div> <h1 class="ecl-page-header-standardised__title ecl-u-mb-xl">EU Industry: Economic recovery continues at a slower pace</h1> <div class="cnect-content-wrapper"> <div class="cnect-teaser cnect-teaser-no-media ecl-u-type-m ecl-u-mb-xl"> <p class="ecl-page-header-standardised__description">In the last three months to July 2011, manufacturing production was 4.5% higher than a year ago, but was almost unchanged compared to the first quarter.</p> </div> <div class="cnect-main-body ecl-u-type-m"> <div id="nr-additional-info" class="ecl-u-mb-2xl ecl-u-pr-lg-4xl ecl-u-mt-sm-xl"> <div class="ecl-u-border-bottom ecl-u-border-top ecl-u-border-width-1 ecl-u-border-color-grey-15" style="clear: left;"> <p class=""> <strong>date</strong>: 19/09/2011 </p> <p class=""> <strong>See also</strong>: <a class="comet-color-link" href="http://europa.eu/rapid/press-release_IP-11-1040_en.htm?locale=en" target="_blank" style="color:;">Press release</a> </p> </div> </div> <div> <p><img class="grid-image" src="http://ec.europa.eu/information_society/newsroom/image/manual/_7563.jpg" alt="">Manufacturing production in recent months has been affected by supply disruptions stemming from the Japanese tsunami. Manufacturing output is now some 14% higher than its trough in early 2009 and still 8% below its peak in early 2008.<br><br>Recent falls in business confidence indicate a slower growth rate in the second half of the year, but industrial confidence is still above its long-term average. High energy and other input prices, supply disruptions from the Japanese earthquake, fiscal retrenchment in some countries, and some continued limitations on access to finance are adversely affecting the dynamics of the recovery. Output in the construction sector has stabilised at a relatively low level, with a recovery visible in civil engineering.<br><br>European Commission Vice President Antonio Tajani, responsible for Industry and Entrepreneurship said: "<em>Our industry is in a better shape than before the crisis. This is underlined by the good performance of the German and French industry in July. However the slowdown of the recovery should push us to continue promoting growth and competitiveness, also through structural reforms aimed at freeing industry and SME's potential.</em> ".</p> </div> </div> </div> </div> </div> <div class="ecl-page-header-standardised"> <div class="ecl-container"> <h3>Related Growth Website</h3> <div class="parent-container"> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Aeronautics industries" data-topicTypeName="growth_website" data-loading="false">Aeronautics industries</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Biotechnology" data-topicTypeName="growth_website" data-loading="false">Biotechnology</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Chemicals" data-topicTypeName="growth_website" data-loading="false">Chemicals</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Construction" data-topicTypeName="growth_website" data-loading="false">Construction</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Defence industries" data-topicTypeName="growth_website" data-loading="false">Defence industries</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Electrical engineering" data-topicTypeName="growth_website" data-loading="false">Electrical engineering</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Food industry" data-topicTypeName="growth_website" data-loading="false">Food industry</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Healthcare industries" data-topicTypeName="growth_website" data-loading="false">Healthcare industries</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Industry" data-topicTypeName="growth_website" data-loading="false">Industry</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Maritime industries" data-topicTypeName="growth_website" data-loading="false">Maritime industries</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Mechanical engineering" data-topicTypeName="growth_website" data-loading="false">Mechanical engineering</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Pressure equipment and gas appliances" data-topicTypeName="growth_website" data-loading="false">Pressure equipment and gas appliances</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Raw materials" data-topicTypeName="growth_website" data-loading="false">Raw materials</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Single market and standards" data-topicTypeName="growth_website" data-loading="false">Single market and standards</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Textiles, Fashion and Creative Industries" data-topicTypeName="growth_website" data-loading="false">Textiles, Fashion and Creative Industries</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Tourism" data-topicTypeName="growth_website" data-loading="false">Tourism</a> <a href="https://ec.europa.eu/newsroom/" class="ecl-items-tag ecl-items-tag-clickable relatedTopic" data-topicName="Toys" data-topicTypeName="growth_website" data-loading="false">Toys</a> <!-- Modal --> <div id="loading-modal-growth_website" class="loading-modal"> <div class="ecl-spinner ecl-spinner--primary ecl-spinner--m ecl-spinner--centered ecl-spinner--visible" style="top:50% !important; 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