Report on World Manufacturing Production Q2 2018
- World manufacturing value added (MVA) is likely – according to the latest estimates – to sustain a 3.9 per cent growth rate in 2018, based on an expansion of 2.7 per cent in industrialized economies and 6.1 per cent in China. The growth performance of developing and emerging industrial economies (excl. China) has been improving continuously, resulting in 4.4 per cent expected growth in 2018 on a year-to-year basis.
- Global manufacturing output rose by 3.8 per cent in the second quarter of 2018 compared to the same quarter of the previous year. Although the growth rate is below the 4.2 percent registered in the first quarter, the latest figures still indicate healthy growth of global manufacturing.
- Industrialized regions maintained positive growth rates in the second quarter of 2018. With some moderate deceleration, these countries’ manufacturing output rose by 2.5 per cent compared to the same period of the previous year.
- While China grew at 6.4 per cent, developing economies in Asia and Pacific as well as in Eastern Europe region recorded year-over-year growth rates of 4.8 respectively 5.3 per cent. Manufacturing output data for Latin American economies draw a diverse picture against the backdrop of turbulences and uncertain prospects in key economies.
- Medium-high and high-technology manufacturing industries again reached the highest year-over-year growth rate across industry groups with 5.4 per cent in the first quarter of 2018, but only the group of medium-technology industries was able to resist the slightly decelerating growth rates in manufacturing output and reached a higher year-on-year growth rate at 2.9 per cent.