1,25 million reasons to support manufacturing in Europe. After difficult years followed by stagnation, export is fueling the recovery of the Metal, Engineering and Technology-based industries (MET). But the consequences of the financial crisis, the Euro crisis, and also budget policy restrictions are still present. And another risk to productivity growth is the shortage of STEM workers and digital skills. The technology and industry companies are a sector of high-skilled and quality jobs, with high wages. The attractiveness of the sector seems not to get across.
'international', 'interlinked' and 'growing' is what can be said of the Metal, Engineering and Technology (MET) sector. Industries have been slowly recovering but highly depend on export. Although the MET industries created 1 million new jobs between 2013 and 2016, the employment in the MET industries was still 600 000 persons lower than in 2008. The future of the MET industries will depend on the level 'innovation' and the access to the right digital 'skills'.
Lifting the Industry - CEEMET 's 2015/2016 economic snapshot of manufacturing in Europe. Since the recession hit the Metal, Engineering and Technology-based (MET) sector, uncertainty has weighed. However the MET sector still represents half of the EU’s total manufacturing output and is therefore a crucial job and wealth creator. In order to capitalize on future growth, Europe must commit to a renewed focus on competitiveness allowing for more investment in high skilled workers, modern equipment, infrastructure and innovation