European Industrial Production Shows Mixed June Growth Trends

European industrial production figures for June show a fragmented economic landscape across the Netherlands, Sweden, and Slovakia. While some nations maintained growth, others experienced their first contractions in over a year.

Statistics Sweden reported a 1.5 percent year-on-year decline in industrial production for June, the first drop since March 2025. This reversal follows a 7.6 percent increase in May and was driven by significant losses in mining and quarrying, which fell 13.8 percent, and a 7.8 percent drop in the utility sector. Construction provided a rare bright spot, growing 7.6 percent annually.

In the Netherlands, industrial production grew by 4.6 percent year-on-year, though this represents the lowest growth rate in three months compared to May's 6.8 percent increase. The machinery industry surged by 26.2 percent, but these gains were offset by contractions in chemical products and electrical electronics.

Slovakia saw a recovery with a 2.1 percent year-on-year increase, rebounding from a 2.0 percent decline in May. This growth was led by a 30.8 percent surge in chemical manufacturing and an 11.8 percent increase in textiles and leather, despite a sharp 36.5 percent decrease in computer product production.