Manufacturing competitiveness is under pressure

European manufacturing is losing global market share and export share due to strong growth of Chinese and other Asian producers. While the lost share of manufacturing value added is comparable to the US, the lost share of manufactured exports is much greater.

European manufacturing has many strengths, particularly in medium and high-tech sectors. But European policymakers and stakeholders must avoid complacency if Europe’s leading position in manufacturing is not to be further eroded.

Source: UNIDO