UNIDO Statistics presented a report on world manufacturing production growth for the third quarter of 2014 based on the indices of industrial production. The report also contains revised growth estimates for the second quarter of 2014.

Major findings

· World manufacturing is caught in a low growth trap and the data for the third quarter of 2014 indicate a further decrease in growth rates.

· Global manufacturing output rose at a moderate rate of 3.0 percent in the third quarter of 2014 compared to the same period of the previous year.

· The overall growth of manufacturing output of industrialized economies fell to 1.2 percent in the third quarter of 2014 from 1.5 per cent in the second quarter.

· The manufacturing growth rate of developing and emerging industrial economies rose by 6.9 percent, with China being the main contributor with a growth of 9.1 percent.

· In sector-wide performance, an increasing shift towards high-tech industry, including production of machinery and equipment, was observed in developing and emerging industrial economies.

 

Rep-QIII2014-Final