World Manufacturing Production (Report)

Published on: Friday, 04 Dec 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 production already registered an overall slowdown in 2019, which has been further exacerbated by the economic crisis triggered by COVID-19. In the first half of 2020, the economic slump was severe but expected given the lockdowns imposed around the world to contain the virus. In the third quarter of 2020, global manufacturing output declined by 1.1 per cent in a year-over-year comparison, following a significant drop of 11.1 per cent in the second quarter of 2020. The challenges and uncertainties that dominated before the pandemic, such as higher trade barriers and regulations, have clearly moved to the background.

This report presents estimates for the third quarter of 2020 as well as revised estimates for the second quarter of 2020.

Data can be found here.

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