World Manufacturing Production (Report)

Published on: Monday, 08 Mar 2021

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. 

In the first half of 2020, the world endured a disruptive economic crisis triggered by the COVID-19 pandemic, which further exacerbated the overall economic slowdown observed since 2019. The economic shock was severe but unavoidable given the social and economic lockdowns imposed around the world. Global manufacturing output recovered following a significant drop of 11.2 per cent due to COVID-19 containment measures in the second quarter of 2020, and grew by 2.4 per cent in the fourth quarter of 2020 in a year-over-year comparison. 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 fourth quarter of 2020 as well as revised estimates for the third quarter of 2020.

Data can be found here.

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