European manufacturing output shows significant variation by country. In 2023, Hungary led with the highest output, closely followed by Slovakia and Liechtenstein. Some nations like Finland showed promising growth, whereas countries such as Liechtenstein and Romania experienced noteworthy declines. Over the past year, several countries including Latvia, Iceland, and Greece saw significant positive changes, whereas Romania, Serbia, and Norway witnessed declines. Regarding the CAGR, these values can help predict future trends.
Looking ahead, some key future trends to watch in European manufacturing output include:
- Impact of evolving EU policies and regulations on manufacturing sectors.
- Potential shifts in trade relations, especially concerning Brexit's long-term effects.
- Advances in technology and automation driving productivity and competitiveness.
- Influence of global market demand and supply chain dynamics.
Top countries in Manufacturing Output by Country
| # | 10 Countries | Percent of Total | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 39.2 | 2023 | 0% | +0.52% | View data |
| 2 | 2 Slovakia | 39 | 2023 | -0.26% | +0.051% | View data |
| 3 | 3 Liechtenstein | 36.9 | 2023 | -4.9% | -5.55% | View data |
| 4 | 4 Czech Republic | 36.4 | 2023 | 0% | -1.01% | View data |
| 5 | 5 Ireland | 35.7 | 2023 | +0.56% | +0.51% | View data |
| 6 | 6 Poland | 33.7 | 2023 | 0% | +0.98% | View data |
| 7 | 7 Slovenia | 33.3 | 2023 | 0% | 0% | View data |
| 8 | 8 Germany | 30.6 | 2023 | -0.97% | -0.83% | View data |
| 9 | 9 Finland | 30.4 | 2023 | 0% | +1.95% | View data |
| 10 | 10 Italy | 29 | 2023 | -4.61% | -0.48% | View data |
