Report on World Manufacturing Production Q1 2017
UNIDO Statistics presents this report on the observed growth of world manufacturing production in the first quarter of 2017. The quarterly growth estimates are based on the indices of industrial production. Reports on earlier quarters are available on UNIDO’s website.
Effective as of 2013, new country groups are being used in all UNIDO statistical publications. Details on the country groupings are available in the 2017 edition of the International Yearbook of Industrial Statistics. The data in the current report is presented by Revision 4 of the International Standard for Industrial Classification of All Economic Activities. Users can find further information on the methodology of index numbers, estimation procedure or compilation of country groups’ indices in a methodological document, available on the statistical pages of UNIDO’s website, together with indices themselves published in UNIDO’s Quarterly IIP database, available at UNIDO Statistics Data Portal.
- Global manufacturing output rose by 3.7 per cent in the first quarter of 2017 compared to the same period of the previous year, visibly above the 2.6 per cent average increase observed in 2016. The manufacturing output growth was estimated at 1.9 per cent in industrialized economies, and 6.0 per cent in developing and emerging industrial economies.
- Among the industrialized regions, the pace of growth remained rather moderate in the North American and European regions, where a 1.1 and 1.4 per cent expansion was recorded, respectively, while the production in East Asia witnessed a healthy 4.2 per cent year-by-year upturn.
- Asian developing economies achieved a relatively higher growth rate at nearly 7.0 per cent. Production in other developing regions also increased: by a marginal rate of 0.4 per cent in Latin America, signaling a recovery from a prolonged recession, and by a more passable but less stable 5.7 per cent in Africa.
- In terms of industry-wide performance, global manufacturing production maintained a positive growth in nearly all industries in the first quarter of 2017. High- and medium-high-technology manufacturing industries repeatedly held top positions.