UNIDO Statistics has presented the report on growth estimates based on the indices of industrial production for the second quarter of 2014. The report also contains the expected annual growth estimates of manufacturing value added in 2014.

Major findings

· Global manufacturing value added (MVA) is expected to rise by 3.7 percent in 2014, which is higher than in 2013 but lower than earlier projections for the year.

· World manufacturing output growth dropped to 3.3 percent in the second quarter of 2014 compared to the revised estimate of 4.8 percent in the first quarter of the year.

· The overall growth of manufacturing output of industrialized economies has fallen to 1.5 percent in the second quarter of 2014 from 2.5 percent in the first quarter.

· The manufacturing growth rate of developing and emerging industrial economies has decreased to 6.5 percent in the second quarter from 8.6 percent in the first quarter of 2014.

· In sector-wide performance, the production of wearing apparel, non-metallic mineral products, consumer electronics and machinery and equipment have suffered major setbacks.

Rep-QII2014-Final