Europe’s Industry Is Not Dying—It’s Evolving

In recent years, growing alarm has surrounded the narrative of Europe’s alleged deindustrialization. Headlines speak of factory closures, declining production in key sectors, and a continent losing its industrial edge. Germany, once the bastion of manufacturing prowess, has seen a net loss of hundreds of thousands of industrial jobs. Energy-intensive sectors such as steel, chemicals, and basic materials appear to be in retreat, squeezed by rising costs and global competition. Yet, a deeper look into the data and expert analysis reveals a…