Industrial Production (annual variation in %)
Industrial production measures the output of the industrial sector, which typically comprises mining, manufacturing, utilities and, in some cases, construction. The industrial production indicator is generally provided as an index in volume terms. Annual variation in industrial production as a percentage thus reflects the change in the volume of industrial output as compared to the previous year.
Annual variation in industrial production provides insight into the state of the economic cycle as the production of consumer durables and capital goods is likely to decrease during an economic downturn. Despite the fact that the industrial sector only accounts for a portion of an economy’s total output, it is a leading indicator of Gross Domestic Product (GDP) growth and economic performance due to its sensitivity to consumer demand and interest rates.
The table below shows the percent changes in industrial production per country for the last five years.
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Industry Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Algeria | 3.9 | 1.9 | 1.5 | 2.3 | - |
| Argentina | -2.5 | 0.1 | -4.5 | 2.5 | - |
| Armenia | 2.6 | 5.1 | 6.8 | 12.6 | - |
| Australia | 4.5 | 1.6 | 2.0 | 1.0 | - |
| Austria | -0.4 | 2.0 | 2.6 | 5.3 | - |
| Azerbaijan | -0.7 | 2.4 | -0.5 | -3.4 | - |
| Bangladesh | 8.7 | 11.8 | 13.1 | 14.6 | - |
| Belarus | 2.0 | -6.6 | -0.4 | 6.1 | - |
| Belgium | 1.2 | -1.1 | 4.4 | 2.9 | - |
| Bosnia and Herzegovina | 0.3 | 3.1 | 4.5 | 3.1 | - |
| Brazil | -3.0 | -8.2 | -6.4 | 2.5 | - |
| Bulgaria | 1.8 | 2.9 | 2.7 | 3.4 | - |
| Canada | 5.1 | -0.5 | -0.3 | 4.9 | - |
| Chile | - | - | - | - | - |
| China | 8.3 | 6.1 | 6.0 | 6.6 | - |
| Colombia | 1.5 | 2.0 | 4.1 | -0.5 | - |
| Croatia | 1.2 | 2.5 | 5.0 | 1.9 | - |
| Cyprus | 0.0 | 4.8 | 10.3 | 7.2 | - |
| Czech Republic | 5.0 | 4.3 | 3.4 | 6.5 | - |
| Denmark | 0.7 | 0.1 | 4.2 | 2.0 | - |
| Dominican Republic | 14.8 | 8.5 | - | - | - |
| Ecuador | - | - | - | - | - |
| Egypt | -4.8 | 2.3 | -0.1 | 2.1 | - |
| Estonia | 3.9 | 0.3 | 3.4 | 4.0 | - |
| Eurozone | 1.0 | 2.6 | 1.6 | 2.9 | - |
| Finland | -1.8 | -0.9 | 4.1 | 3.4 | - |
| France | -1.2 | 1.5 | 0.5 | 2.3 | - |
| Germany | 1.5 | 0.9 | 1.8 | 3.3 | - |
| Ghana | 1.1 | 1.1 | 4.3 | 15.7 | - |
| Greece | -1.9 | 2.3 | 2.6 | 3.9 | - |
| Guatemala | 4.6 | 3.7 | 3.1 | 1.8 | - |
| Hungary | 7.7 | 7.4 | 0.9 | 4.6 | - |
| India | 4.1 | 3.3 | 4.6 | 4.4 | - |
| Iraq | 6.7 | 22.2 | 8.0 | - | - |
| Ireland | 20.9 | 44.3 | 2.1 | -2.5 | - |
| Israel | 1.2 | 2.2 | 1.7 | 3.7 | - |
| Italy | -0.7 | 1.1 | 1.9 | 3.6 | - |
| Japan | 1.9 | -1.1 | 0.0 | 3.1 | - |
| Jordan | 1.7 | 0.9 | -2.1 | -0.7 | - |
| Kazakhstan | 0.2 | -1.6 | -1.2 | 7.2 | - |
| Kenya | 5.6 | 6.1 | 6.1 | 4.8 | - |
| Korea | 0.3 | -0.3 | 2.2 | 2.6 | - |
| Kyrgyzstan | -23.2 | 2.4 | 2.0 | 9.5 | - |
| Latvia | -1.1 | 3.6 | 5.4 | 8.3 | - |
| Lithuania | 0.0 | 4.4 | 2.9 | 6.9 | - |
| Luxembourg | -2.7 | -8.2 | 1.5 | 6.4 | - |
| Malaysia | 5.2 | 2.5 | 4.1 | 4.4 | - |
| Malta | -5.7 | -0.2 | -6.9 | 8.3 | - |
| Mexico | 2.6 | 1.2 | 0.4 | -0.3 | - |
| Morocco | 1.3 | 1.6 | 2.5 | 2.1 | - |
| Netherlands | -2.7 | -3.4 | 1.3 | 1.4 | - |
| Nigeria | 6.0 | -3.4 | -9.4 | 0.9 | - |
| North Macedonia | 4.8 | 4.9 | 3.4 | 0.2 | - |
| Norway | 3.6 | 0.6 | -1.5 | 2.1 | - |
| Oman | 0.2 | 5.1 | 4.6 | -2.5 | - |
| Panama | 10.7 | 10.8 | 6.9 | 6.5 | - |
| Paraguay | - | - | - | - | - |
| Poland | 3.5 | 4.8 | 2.9 | 6.5 | - |
| Portugal | 1.4 | 2.1 | 2.3 | 3.9 | - |
| Qatar | 1.9 | 2.1 | 2.5 | 2.0 | - |
| Romania | 6.2 | 2.8 | 1.8 | 7.8 | - |
| Russia | 1.6 | -0.8 | 2.1 | 2.2 | - |
| Saudi Arabia | 3.1 | 5.0 | 2.3 | -2.4 | - |
| Serbia | -7.3 | 7.3 | 5.2 | 3.9 | - |
| Slovakia | 3.2 | 6.6 | 4.7 | 3.3 | - |
| Slovenia | 1.7 | 5.1 | 7.7 | 8.4 | - |
| South Africa | 0.1 | 0.0 | 0.7 | -0.5 | - |
| Spain | 1.2 | 3.2 | 1.9 | 3.2 | - |
| Sweden | -2.2 | 2.9 | 2.2 | 4.7 | - |
| Switzerland | 1.1 | -2.0 | 0.1 | 5.2 | - |
| Taiwan | 6.4 | -1.3 | 2.0 | 5.0 | - |
| Tunisia | -1.1 | -2.6 | -0.6 | -0.9 | - |
| Turkey | 5.7 | 5.8 | 3.4 | 9.0 | - |
| USA | 3.1 | -1.0 | -2.0 | 2.3 | - |
| Ukraine | -10.1 | -13.0 | 2.8 | 0.4 | - |
| United Arab Emirates | 0.9 | 6.8 | 4.3 | -1.0 | - |
| United Kingdom | 1.5 | 1.2 | 1.0 | 1.8 | - |
| Uruguay | 1.1 | 3.1 | 0.3 | -11.1 | - |
| Vietnam | 7.6 | 9.8 | 7.5 | 9.4 | - |
| Zambia | 1.9 | 0.2 | 2.5 | 3.5 | - |
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Industry Economic News
-
Austria: Industrial production drops markedly in November
January 24, 2020
Industrial output plummeted 1.7% month-on-month in November, contrasting the revised 0.8% expansion recorded in November (previously reported: +0.7% month-on-month).
-
Russia: Industrial production picks up pace in December
January 23, 2020
Industrial output rose 2.1% year-on-year in December, accelerating from November’s meagre 0.3% increase which had marked the weakest result since December 2017.
-
Lithuania: Industrial output edges up in December
January 23, 2020
Industrial production rose 0.6% year-on-year in December, accelerating marginally from November’s 0.4% uptick.
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