Report on World Manufacturing Production QI 2016
UNIDO Statistics presents this report on expected growth for 2016 and observed growth of the world manufacturing production for the first quarter of 2016. The quarterly growth estimates are based on the indices of industrial production. The report also contains revised growth estimates for the first quarter of 2016.
・ World manufacturing output grew by 2.1 per cent in the first quarter of 2016 compared to the same period of the previous year. The manufacturing output growth was estimated at 0.3 per cent in industrialized economies, and 4.7 per cent in developing and emerging industrial economies.
・ Most of the growth of industrialized economies came from Europe, where the manufacturing output rose by 2.3 per cent. In East Asia, on the other hand, manufacturing production dropped by 2.9 per cent.
・The manufacturing output of Latin America, which has suffered from subdued global demand of commodities and falling oil prices, dropped by 3.3 per cent. The manufacturing output of Africa dropped by 1.1 per cent, as the major economies suffered from low capital inflow and reduced export.
・In terms of industry-wide performance, the worldwide production of tobacco products has dropped by 3.4 per cent. By contrast, production of pharmaceutical products rose by 4.8 per cent.
“World Manufacturing Production” Statistics for Quarter Ⅰ, 2016