The industry confidence indicator in the Euro Area declined to -12 in June 2025, the lowest in five months, compared to -10.4 in May and worse than forecasts of -9.9. Order books (-28.2 vs -24.8), employment (-6.1 vs -4.3) and selling-price expectations (5.6 vs 7.7) worsened while production expectations improved (1.5 vs 1.6).