European manufacturing production value is led by Germany with a value of 2.0374 trillion euros, followed by France and Italy. Germany's slight growth was 0.16% in 2023. Ireland and Switzerland show notable increases of 4.3% and 3.29%, respectively. Italy declined by 0.78%, echoing Spain's 0.49% downturn. Central European countries like Poland and Hungary maintain positive growth trends. The UK's value increased by 0.4%, suggesting resilience.
Future trends to watch include digital transformation and sustainability efforts potentially driving growth in manufacturing sectors across Europe. Post-Brexit dynamics might further reshape the UK's manufacturing landscape, and Eastern Europe's industrial growth may continue to strengthen relative to Western counterparts.
Top countries in Manufacturing Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,037,400 | 2023 | +1.42% | +0.16% | View data |
| 2 | 2 France | 953,910 | 2023 | +3.54% | +0.68% | View data |
| 3 | 3 Italy | 939,780 | 2023 | +2.28% | -0.78% | View data |
| 4 | 4 United Kingdom | 637,650 | 2023 | +0.35% | +0.4% | View data |
| 5 | 5 Spain | 506,230 | 2023 | +1.05% | -0.49% | View data |
| 6 | 6 Switzerland | 366,660 | 2023 | +2.83% | +3.29% | View data |
| 7 | 7 Poland | 339,920 | 2023 | +2.64% | +1.5% | View data |
| 8 | 8 Netherlands | 329,090 | 2023 | +1.47% | -0.7% | View data |
| 9 | 9 Belgium | 270,640 | 2023 | +3.39% | +1.38% | View data |
| 10 | 10 Ireland | 268,800 | 2023 | +3.85% | +4.3% | View data |
