World Manufacturing Production (Report)

Published on: Thursday, 03 Sep 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 registered an overall economic slowdown in 2019, which has been further exacerbated by the economic crisis due to COVID-19. The economic activity came to a halt in the majority of countries from March 2020 onwards to contain the spread of the virus. Economic declines were therefore expected for the second quarter of the year. China is one of the few countries that locked down earlier than other countries and is showing signs of early economic recovery. In the second quarter of 2020, global manufacturing output declined noticeably, namely by 11.2 per cent in a year-over-year comparison due to COVID-19 containment measures, following a drop by 6.0 per cent in the previous quarter.

Industrialized economies reported a reduction of production by 16.4 per cent for the second quarter of 2020, after a contraction of 2.4 per cent in the first quarter of the year. 

COVID-19 hit China, the world's largest manufacturer, hard in the first quarter of 2020, but the country's manufacturing sector has bounced back. According to seasonally adjusted index numbers, China's manufacturing output in the second quarter of 2020 increased by 2.8 per cent in a year-over-year comparison, following an unprecedented decline of 13.9 per cent in the previous quarter.

Manufacturing production of developing and emerging industrial economies (excluding China) recorded a decline in output of 22.0 per cent and 2.3 per cent for the second and first quarters of 2020, respectively.
 

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

Data can be found here.

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