World Manufacturing Production (Report)

Published on: Wednesday, 21 Dec 2022

Each quarter, UNIDO Statistics publishes a report summarizing current growth trends in world manufacturing production across countries and major sectors. The report evaluates production data, 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 a lot of economic research is based on detailed annual statistics on business structure, other international data users, especially policymakers and businesses, require more recent assessments of production trends.

Global manufacturing growth picked up in the third quarter, but remained moderate. Despite this recent positive performance, global manufacturing production faces mounting challenges: high inflation and an energy price shock, persistent disruptions in the supply of raw materials and intermediate goods, global economic deceleration, weakened confidence and high uncertainty. This could build into headwinds slowing down this sector in many economies, particularly in Europe. In the third quarter of 2022, world manufacturing production stabilized at a solid 3.6 per cent year-over-year growth rate, following a weaker 3.0 per cent increase in the previous quarter. Industrial economies ticked up from the limited 2.5 per cent year-on-year increase in the second quarter of 2022 to a 3.6 per cent expansion in the third quarter. Other industrializing economies registered a year-over-year output increase of 4.9 per cent in the third quarter of 2022, higher than the group of industrial economies.

This report presents estimates for the third quarter of 2022 as well as revised estimates for the second quarter of 2022.

Data can be found here.

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