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Wholesale Banking

Europe's industry outlook: we're still riding the energy and pandemic shockwaves

Since the speedy recovery that followed the first round of lockdowns came to a halt in late 2020, Europe's industrial production growth has more or less stagnated. At the same time, the sector is in an incredible state of flux; structural changes around energy and trade are providing substantial challenges for businesses

The pandemic and energy shocks still determine the short-term outlook for industry

The European manufacturing sector has been hit by a number of shocks in recent years, and that's had a big impact on doing business. The pandemic and subsequent supply chain problems, along with the energy crisis, have had a deep impact on performance and have left a lot of uncertainty about which factors will have a lasting impact on the sector and which won’t.

In this outlook, we're taking a look at the latest trends in performance and will examine what to expect from supply chain problems, globalisation trends and the energy crisis for the years ahead. Catch the full piece from our team here