World Manufacturing Production (Report)

Published on: Tuesday, 02 Jun 2020

Each quarter, UNIDO Statistics publishes a report summarizing current growth trends in world manufacturing production across countries and major sectors. The report is based on production data, which is collected and published by National Statistical Offices (NSOs) in UNIDO’s member states. This is the first statistical publication by UNIDO to be released on quarterly data. While much economic research is done on the basis of detailed annual statistics on business structure, other international data users, especially policymakers and businesses, require more recent assessments of production trends. 

World manufacturing output growth has been decelerating since 2018, and this trend has continued throughout 2019 amid trade tensions between the United States and China. Global manufacturing output growth has registered a sharp decline of 6.0 per cent in the first quarter of 2020 due to economic lockdown measures motivated by COVID-19 pandemic. The current economic downturn is the first of such magnitude since the financial crisis of 2008/2009, when manufacturing output fell by 7.1 per cent in the fourth quarter of 2008. The current decline comes at a time when world manufacturing production is already experiencing a gradual decline, indicating an overall economic slowdown throughout 2019. The global outbreak of COVID-19 has further reinforced the downward trend in the first quarter of 2020. The majority of countries halted their economic activities from March 2020 onwards, with only a few countries including China going into lockdown sooner. Consequently, a massive decline of manufacturing output is expected in the forthcoming period in industrialized economies and in most developing countries.

This report presents estimates for the first quarter of 2020 as well as revised estimates for the fourth quarter of 2019. 

Data can be found here.

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