European Statistical Monitor: May edition

Today, Eurostat released the European Statistical Monitor, a dashboard with monthly and quarterly 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. The accompanying Eurostat commentary on the latest developments and the key trends can be accessed by clicking the yellow button located in the top-left corner.

The EU economy remains on a modest growth path, while greenhouse gas emissions rise and economic sentiment weakens

The EU economy continued to grow moderately, with GDP expanding at a slightly slower rate compared to the average over the last two years. Meanwhile, the latest data on greenhouse gas emissions in EU countries shows a rise, and there was a decrease in the concentration of air pollutants in EU capitals. Monthly electricity consumption rose, following its usual seasonal pattern, and the share of electricity generated from renewable sources decreased.

Economic sentiment fell markedly, driven by declining confidence among consumers, as well as within services and retail trade. Looking at monthly business indicators, industrial production and retail trade expanded, while production in services declined.

The unadjusted government deficit increased as a share of GDP at EU level, while government debt decreased.

The European Statistical Monitor is updated every month with the latest available data for each indicator.