Is there accelerated deindustrialisation in the euro zone?

Since 2002, manufacturing production in the euro zone has been growing less rapidly than manufacturing production in the rest of the world and in the United States. The euro zone’s deindustrialisation is probably the result of: High labour costs; The attractiveness of the United States, Central European countries and China for the production of manufactured products; The high cost of energy. Unfortunately, these causes of deindustrialisation in the euro zone are long-lasting.