Home / Knowledge / News / World industrial output grows in third quarter - UNIDO
World industrial output grows in third quarter - UNIDO
06
Dec '11
Amid fears of another recession due to instability in European financial markets, world manufacturing production has increased slightly in the third quarter, compared to the second quarter of 2011. Consistent growth of manufacturing output in major economies indicates that a further worldwide downturn in industrial production is not imminent, according to a report released by the United Nations Industrial Development Organization (UNIDO).

The report states that world manufacturing output rose by 5.5 per cent in the third quarter of 2011, compared to the same period of 2010. This growth is mainly attributed to developing countries, whose manufacturing output increased by 13 per cent. China's manufacturing, which accounts for almost half of that of all developing countries combined, grew by 14.5 per cent in the third quarter.

The manufacturing output of industrialized countries rose by an average of 3.3 per cent in the third quarter. U.S. manufacturing grew by 4.1 per cent. Japan's manufacturing performance improved significantly in recent months. Its output grew by 4.3 per cent in the third quarter, compared to second quarter of 2011, but it has not yet reached the level of last year.

The impact of Euro zone financial instability is so far limited to just a few countries. In Europe, strong growth of manufacturing output was observed in Austria (7.2 per cent), the Czech Republic (5.5 per cent), Germany (9.6 per cent) and in Sweden (6.4 per cent). Relatively higher growth performance was observed in Eastern Europe. The manufacturing output of Poland and Romania grew by 6.5 per cent and 6.1 per cent, respectively. The manufacturing output of the Russian Federation grew by 7.2 per cent.

Moderate growth was observed in France and the United Kingdom, however Italy's manufacturing output dropped in the third quarter, compared to the previous quarter. Similarly, manufacturing output fell in Greece, Portugal and Spain.

Among developing countries, strong growth was seen in Malaysia (5.2 per cent), Turkey (7.8 per cent), and Viet Nam (7.4 per cent). However, the growth of leading developing economies was moderate. The manufacturing output of Argentina increased by 3.8 per cent, Brazil by 0.1 per cent, India by 3.1 per cent, and Mexico by 4.6 per cent.

The report also presents the growth figures of manufacturing sectors. Industrialized countries have performed relatively well in high-technology sectors, such as machinery and equipment, and the production of motor vehicles and office and computing machinery, while developing countries dominated the growth figures for the processing of primary products, such as food and beverages, textiles, garment apparel, and fabricated metal products.

United Nations Industrial Development Organization (UNIDO)


Must ReadView All

Polyester yarn price surge affects Surat textile industry

Textiles | On 22nd May 2018

Polyester yarn price surge affects Surat textile industry

The prices of polyester yarn have increased about 12-15 per cent in...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Courtesy: Myntra

Fashion | On 22nd May 2018

Myntra to launch exclusive red carpet line at IIFA 2018

India’s leading destination for fashion online, Myntra, is all set to ...

Interviews View All

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Urmil Arya

Sushila International, a well established textile organisation established ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search