UNIDO Statistics presents this report on the expected growth estimates of world manufacturing value added (MVA) for the year 2016 and the observed growth of world manufacturing production in the second quarter of 2016. The quarterly growth estimates are based on the indices of industrial production. Reports on earlier quarters are available on UNIDO’s website. Interested users can access methodological documents on the estimation procedure of annual growth rates and a compilation of quarterly indices on the statistical web pages of UNIDO’s website.

Major findings

•  World MVA is likely to grow by 2.8 per cent in 2016, which indicates no change compared to 2015. The
  growth rate for industrialized economies is also expected to be the same as 2015, namely 1.3 per cent.Manufacturing growth is likely to improve marginally in developing and emerging industrial economies.
• World manufacturing output grew by 2.2 per cent in the second quarter of 2016 compared to the
  same period of the previous year. The manufacturing output growth was estimated at 0.2 per cent in
  industrialized economies, and 4.9 per cent in developing and emerging industrial economies.
• Growth in industrialized economies was characterized by a moderate, yet noticeable slowdown in Europe and North America and a negative trend in East Asia.
• The manufacturing production in Latin America dropped by 3.2 per cent. Growth performance was
  much higher in Asian economies, where manufacturing output rose by 6.5 per cent and also in Africa,
  where manufacturing output increased by 2.5 per cent.
• In terms of industry-wide performance, the worldwide production of tobacco has dropped by 2.6 per
  cent. By contrast, production of pharmaceutical products rose by 4.3 per cent.

 

 

 

 

 

 

 

 

Statistics for Quarter II, 2016