Report on World Manufacturing Production QIII 2016
UNIDO Statistics presents this report on the observed growth of world manufacturing production in the third quarter of 2016. The quarterly growth estimates are based on the indices of industrial production. Reports on earlier quarters are available on UNIDO’s website. Interested users can access methodological documents on the estimation procedure of annual growth rates and a compilation of quarterly indices on the statistical web pages of UNIDO’s website.
- World manufacturing output rose by 2.4 per cent in the third quarter of 2016 compared to the same period of the previous year. The manufacturing output growth was estimated at 0.6 per cent in industrialized economies, and 4.7 per cent in developing and emerging industrial economies.
- Growth in industrialized economies was characterized by an overall moderate, albeit noticeable slowdown in Europe and North America, and an upward trend in East Asia, following a period of several consecutive slumps.
- Manufacturing output in Latin America dropped by 2.0 per cent. Growth performance was much higher in Asian economies, where manufacturing output rose by 6.3 per cent. According to UNIDO estimates, manufacturing output increased by 0.5 per cent in Africa.
- In terms of industry-wide performance, the worldwide production of tobacco has dropped by 8.0 per cent. By contrast, the manufacture of motor vehicles rose by 6.4 per cent.