Year to date ocean and air trade from the EU is up slightly compared to last year. However, latest European Union industrial indicators provide little evidence of an imminent recovery of industrial activity. As such it is unlikely that we will see any substantial further pick up in air and ocean import and export activity. This article takes a look at latest industrial indicators for the European Union including manufacturing capacity utilisation, orderbook, inventories, production trend and expectations and factors limited further output. The analysis includes an interactive dashboard with country level data.