Today, Eurostat released the European Statistical Monitor, a dashboard with short-term indicators covering different areas, such as economy, environment, business, health and work.
This monthly updated dashboard is designed to track developments within the EU as a whole and its members, as well as the EFTA countries, providing a holistic overview of key developments. It focuses on monthly and quarterly indicators, ensuring up-to-date insights and includes a commentary, focusing on recent changes and trends.
The EU economy continues its moderate expansion, with falling inflation and a positive labour market
The EU economy remained on a steady growth path, with GDP expanding at a steady rate, employment reaching a record-high, unemployment and labour market slack remaining low, and job vacancies slightly decreasing. Inflation continued to decline, while economic sentiment improved, signalling growing confidence in the economic outlook.
Among monthly indicators, industrial production decreased, interrupting a brief period of stability, while the volume of retail trade grew and production in services climbed to a new historic high. (....)