Today, Eurostat released the European Statistical Monitor, a dashboard with short-term indicators covering different areas, such as economy, environment, business, health and work.
This monthly updated dashboard is designed to track developments within the EU as a whole and its members, as well as the EFTA countries, providing a holistic overview of key developments. It focuses on monthly and quarterly indicators, ensuring up-to-date insights and includes a commentary, focusing on recent changes and trends.
EU industrial production declines, alongside contracting international trade and rising house prices
The latest monthly data indicate that the EU economy experienced a moderate setback. Production in industrial and services sectors contracted slightly, while retail trade held unchanged and international trade in goods decreased. Nevertheless, economic sentiment improved, driven mainly by stronger confidence in industry, services and among consumers.
Inflation continued to pick up, and house prices reached a new historic high.
Unemployment remained low and stable, there was a higher number of tourist accommodation nights, and the number of first-time asylum applicants recorded a moderate rise.
You can read the full analysis by opening the Eurostat commentary linked in the dashboard’s header.
The European Statistical Monitor is updated every month with the latest available data for each indicator.