EU industrial structure - EU Bookshop - Europa

More documents

Recommendations

Info

EU industrial structure 2011 — Trends and Performance FIgURE I.9: growth rates in EU services industries compared to the whole EU economy 1996-2010 (%) 8 6 4 2 0 -2 -4 -6 -8 I.2 Sector developments: the current recovery(?) The previous section has shown the size, duration and diffusion of the latest crisis according to the information that was available at the time of drafting this text. It is not yet possible to have a full assessment of the duration of the recovery since available data show that production has yet to reach pre‑crisis levels. The focus of this section is on more recent developments and the objective is to assess the pace of the recovery, to what extent it has spread across manufacturing and service industries, and also what it implies for future developments. The section begins with an overview of the manufacturing industries, followed by a state of play in services sectors. The two parts are structured in a similar way. Monthly indicators of production are used for analyses of the most recent developments and an indicator is constructed to assess the intensity of the recovery and the speed of diffusion across industries. Data availability only allows construction of this indicator for manufacturing industries. Developments in the near future are assessed with the aid of information on expectations of future demand. The indicators for manufacturing and services activities are not always similar and comparisons should be made with caution. 24 1996 1996Q4 1997Q3 1998Q2 1999 1999Q4 2000Q3 2001Q2 2001Q2 2002 Financial intermediation and business services Trade, hotels and restaurants All branches - Total 2002Q4 Note: Growth rates in EU services industries and total industry value added in constant prices relative to the same quarter of the previous year in 1996:1‑2011:1 (%). Source: own calculations using Eurostat data. 2003Q3 2004Q2 2005 2005Q4 2006Q3 2007Q2 i21 recent developments in manufacturing industries An indicator which measures how fluctuations spread across manufacturing industries is used to illustrate diffusion. The diffusion index is defined as the difference between the percentage of manufacturing industries that are expanding and of those that are declining. The index ranges from ‑100 to 100. ‘Expanding’ and ‘declining’ mean positive and negative growth rates respectively. The total number of industries used in the calculations is 93 (defined in terms of the 3‑digit level of NACE Rev. 2). ‘Expansion’ is defined as no negative or zero growth. The lowest value of the index, ‑90.5, corresponds to January 2009 when only four manufacturing industries displayed positive growth rates. The latest available data show that the recovery process that was on the way in the beginning of 2011 is fragile. The diffusion index of 14 in June 2011 means that 57 % of manufacturing industries display positive growth rates. It remains to be seen whether this fall of the diffusion index is temporary, cf. Figure I.10. 2008 2008Q4 2009Q3 2010Q2 2011
Chapter I — The aftermath of the crisis — a long and uneven recovery(?) FIgURE I.10: EU manufacturing diffusion index from January 1991 to June 2011 (monthly data) 100 80 60 40 20 0 -20 -40 -60 -80 -100 1991 1992 1993 1994 1995 1996 Source: own calculations using Eurostat data. 1997 1998 1999 As noted in Figure I.7 above, the recovery process, although fragile, seems to be underway in the EU‑27 manufacturing 2000 industries. There are even three manufacturing industries which have reached their pre‑crisis levels; food, pharmaceuticals and other manufacturing. The three manufacturing industries which were hit hardest, motor vehicles, basic metals and machinery n.e.c., have also recorded the largest percentage increases since their troughs. the recovery seems to be fragile in furniture, mining and quarrying and tobacco where very modest increases are recorded only lasting recent months, cf. Figure I.11. 19 19 See the annex to chapter II for a graph illustrating the development of manufacturing output since the troughs in the individual Member States. 2001 2002 2003 2004 2005 2006 2007 2008 Diusion index 2009 2010 2011 The most recent development for the EU‑27 manufacturing industries together with mining, electricity & water and construction, are summarised in the table below. The first four columns present annual average growth rates in 2009 and 2010, the growth rate in 2010 compared with 2009, and the last six months (January to June 2011). The fifth column presents, for each industry, the growth since the trough at the crisis; the last column, ‘spread’, presents the growth difference in percentage points for each industry relative manufacturing for the last six months. 20 20 The spread is the difference between growth of industry i and manufacturing the last six months minus the difference between the average growth difference between industry i and manufacturing for the whole period. 25
Page 1: EU industrial structure 2011 Trends
Page 4 and 5: ENTERPRISE & INDUSTRY MAGAZINE The
Page 6 and 7: EU industrial structure 2011 — Tr
Page 17 and 18: Chapter I The aftermath of the cris
Page 19 and 20: The impact of the last downturn in
Page 21 and 22: The impacts of the latest recession
Page 23 and 24: The previous figures imply that the
Page 25: i12 services recession and recovery
Page 29 and 30: nacE rev 2 growth 2009 Chapter I
Page 31 and 32: The third step in assessing future
Page 33 and 34: The business survey indicator used
Page 37 and 38: Chapter II Changes in EU Industrial
Page 39 and 40: While there is some variety in the
Page 41 and 42: developments. This is confirmed by
Page 43 and 44: Looking at the overall specialisati
Page 45 and 46: TAbLE II.2: Sectoral specialisation
Page 47 and 48: For countries as a whole, it should
Page 49 and 50: Chapter II — Changes in EU Indust
Page 51 and 52: technology scale. They are less and
Page 53 and 54: ox II.4: SME definition FIgURE II.7
Page 55 and 56: definition of shocks. Shocks, or di
Page 57: Appendix figure FIgURE II.11: Secto
Page 76 and 77:
EU industrial structure 2011 — Tr
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 97 and 98:
Chapter IV International competitiv
Page 99 and 100:
Chapter IV — International compet
Page 101 and 102:
FIgURE IV.1: EU accounts for almost
Page 103 and 104:
TAbLE IV.4: EU exports of manufactu
Page 105 and 106:
iv22 Export market shares Export ma
Page 107 and 108:
iv23 sectoral trade balance The rel
Page 109 and 110:
FIgURE IV.3: EU-27 RCA index in 200
Page 111 and 112:
RCA‑indices for individual manufa
Page 113 and 114:
FIgURE IV.8: China trade in manufac
Page 115 and 116:
Page 117 and 118:
communi‑ cation computer and info
Page 119 and 120:
FIgURE IV.13: Japan trade in servic
Page 121 and 122:
FIgURE IV.17: Russia trade in servi
Page 123 and 124:
Page 125 and 126:
IV.4 The role of technology in EU s
Page 127 and 128:
The import dependence of exports, v
Page 129 and 130:
The calculations of vertical specia
Page 131 and 132:
IV.6 International movement of fact
Page 133 and 134:
In many sectors, outward EU‑27 FD
Page 135 and 136:
iv62 internationalisation of r&d An
Page 137:
The US is the most important locati
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Page 148 and 149:
Page 150:
Page 155 and 156:
How to obtain EU publications Free
show all

EU industrial structure - EU Bookshop - Europa

Create successful ePaper yourself

Delete template?

Save as template?