Commission to propose KPIs to measure ‘real’ progress in industrial strategy

The European Commission is working on a series of key performance indicators (KPI) to include in the update of its industrial strategy expected for March, to measure the transformation of European industry and its resilience in the aftermath of the pandemic.

EU leaders tasked the Commission with mapping the strategic dependencies of European industry, seeking to diversify trading partners and invest more in strategic products, services and infrastructures.

In spite of various industrial strategies proposed by the Commission over the past years, the EU has failed to transform its manufacturing sector or increase its share in the European economy.

Instead of a sectorial approach, the Commission last March proposed 14 ecosystems, such as tourism, retail or agrifood, to better capture the dynamism of European industry, and the links between various players such as suppliers or startups.

As part of the updated strategy, the Commission is working on three fronts: ecosystem matrix, business cases and the KPIs.