The European Industrial Sector: A Prolonged Slump Ahead
Europe’s industrial landscape is grappling with a severe downturn, and there’s no indication of a swift recovery on the horizon. The sector has been mired in a slump since the summer of 2022, with production levels consistently trending downward. This prolonged correction has raised concerns about the continent’s economic resilience and the potential for a broader slowdown.
The signs are ominous, and the data paints a bleak picture. Output has been contracting steadily, and the sector’s struggles show no signs of abating. The question on everyone’s mind is: when will the industry hit rock bottom? Unfortunately, the answer remains elusive, leaving businesses and policymakers alike bracing for further turmoil.
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