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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Algeria | 0.9 | 3.9 | 1.9 | 1.5 | 2.3 |
| Argentina | -0.1 | -2.5 | 0.1 | -4.5 | 2.5 |
| Armenia | 7.3 | 2.6 | 5.1 | 6.8 | 12.6 |
| Australia | 1.9 | 4.5 | 1.6 | 2.0 | 1.0 |
| Austria | 0.4 | -0.4 | 2.0 | 2.6 | 5.3 |
| Azerbaijan | 1.8 | -0.7 | 2.4 | -0.5 | -3.4 |
| Bangladesh | 12.0 | 8.7 | 11.8 | 13.1 | 14.6 |
| Belarus | -4.9 | 2.0 | -6.6 | -0.4 | 6.1 |
| Belgium | 0.0 | 1.2 | -1.1 | 4.4 | 2.9 |
| Bosnia and Herzegovina | 6.6 | 0.3 | 3.1 | 4.5 | 3.1 |
| Brazil | 2.1 | -3.0 | -8.2 | -6.4 | 2.5 |
| Bulgaria | -0.2 | 1.8 | 2.9 | 2.7 | 3.4 |
| Canada | 1.8 | 5.1 | -0.5 | -0.3 | 4.9 |
| Chile | - | - | - | - | - |
| China | 9.7 | 8.3 | 6.1 | 6.0 | 6.6 |
| Colombia | -1.3 | 1.5 | 2.0 | 4.1 | -0.5 |
| Croatia | -1.7 | 1.2 | 2.5 | 5.0 | 1.9 |
| Cyprus | -13.4 | 0.0 | 4.8 | 10.3 | 7.2 |
| Czech Republic | -0.1 | 5.0 | 4.3 | 3.4 | 6.5 |
| Denmark | -0.3 | 0.7 | 0.1 | 4.2 | 2.0 |
| Dominican Republic | 9.8 | 14.8 | 8.5 | - | - |
| Ecuador | - | - | - | - | - |
| Egypt | 0.6 | -4.8 | 2.3 | -0.1 | 2.1 |
| Estonia | 4.1 | 3.9 | 0.3 | 3.4 | 4.0 |
| Eurozone | -0.8 | 1.0 | 2.6 | 1.6 | 2.9 |
| Finland | -3.1 | -1.8 | -0.9 | 4.1 | 3.4 |
| France | -0.4 | -1.2 | 1.5 | 0.5 | 2.3 |
| Germany | 0.1 | 1.5 | 0.9 | 1.8 | 3.3 |
| Ghana | 6.6 | 1.1 | 1.1 | 4.3 | 15.7 |
| Greece | -3.2 | -1.9 | 2.3 | 2.6 | 3.9 |
| Guatemala | 3.5 | 4.6 | 3.7 | 3.1 | 1.8 |
| Hungary | 1.1 | 7.7 | 7.4 | 0.9 | 4.6 |
| India | 3.3 | 4.1 | 3.3 | 4.6 | 4.4 |
| Iraq | 5.0 | 6.7 | 22.2 | 8.0 | - |
| Ireland | -2.2 | 20.9 | 44.3 | 2.1 | -2.5 |
| Israel | 0.5 | 1.2 | 2.2 | 1.7 | 3.7 |
| Italy | -3.0 | -0.7 | 1.1 | 1.9 | 3.6 |
| Japan | -0.3 | 1.9 | -1.1 | 0.0 | 3.1 |
| Jordan | 1.6 | 1.7 | 0.9 | -2.1 | -0.7 |
| Kazakhstan | 2.3 | 0.2 | -1.6 | -1.2 | 7.2 |
| Kenya | 5.4 | 5.6 | 6.1 | 6.1 | 4.8 |
| Korea | 0.7 | 0.3 | -0.3 | 2.2 | 2.6 |
| Kyrgyzstan | 68.3 | -23.2 | 2.4 | 2.0 | 9.5 |
| Latvia | -0.9 | -1.1 | 3.6 | 5.4 | 8.3 |
| Lithuania | 3.5 | 0.0 | 4.4 | 2.9 | 6.9 |
| Luxembourg | -7.1 | -2.7 | -8.2 | 1.5 | 6.4 |
| Malaysia | 3.4 | 5.2 | 2.5 | 4.1 | 4.4 |
| Malta | -4.7 | -5.7 | -0.2 | -6.9 | 8.3 |
| Mexico | -0.2 | 2.6 | 1.2 | 0.4 | -0.3 |
| Morocco | 0.9 | 1.3 | 1.6 | 2.5 | 2.1 |
| Netherlands | 0.5 | -2.7 | -3.4 | 1.3 | 1.4 |
| Nigeria | -0.1 | 6.0 | -3.4 | -9.4 | 0.9 |
| North Macedonia | 3.2 | 4.8 | 4.9 | 3.4 | 0.2 |
| Norway | -5.0 | 3.6 | 0.6 | -1.5 | 2.1 |
| Oman | 3.1 | 0.2 | 5.1 | 4.6 | -2.5 |
| Panama | 16.8 | 10.7 | 10.8 | 6.9 | 6.5 |
| Paraguay | - | - | - | - | - |
| Poland | 2.4 | 3.5 | 4.8 | 2.9 | 6.5 |
| Portugal | 0.5 | 1.4 | 2.1 | 2.3 | 3.9 |
| Qatar | 2.2 | 1.9 | 2.1 | 2.5 | 2.0 |
| Romania | 7.9 | 6.2 | 2.8 | 1.8 | 7.8 |
| Russia | 0.4 | 1.6 | -0.8 | 2.1 | 2.2 |
| Saudi Arabia | 0.2 | 3.1 | 5.0 | 2.3 | -2.4 |
| Serbia | 5.6 | -7.3 | 7.3 | 5.2 | 3.9 |
| Slovakia | 1.5 | 3.2 | 6.6 | 4.7 | 3.3 |
| Slovenia | -0.9 | 1.7 | 5.1 | 7.7 | 8.4 |
| South Africa | 1.3 | 0.1 | 0.0 | 0.7 | -0.5 |
| Spain | -1.6 | 1.2 | 3.2 | 1.9 | 3.2 |
| Sweden | -4.1 | -2.2 | 2.9 | 2.2 | 4.7 |
| Switzerland | 1.4 | 1.1 | -2.0 | 0.1 | 5.2 |
| Taiwan | 3.2 | 6.4 | -1.3 | 2.0 | 5.0 |
| Tunisia | 1.1 | -1.1 | -2.6 | -0.6 | -0.9 |
| Turkey | 7.2 | 5.7 | 5.8 | 3.4 | 9.0 |
| USA | 2.0 | 3.1 | -1.0 | -2.0 | 2.3 |
| Ukraine | -4.3 | -10.1 | -13.0 | 2.8 | 0.4 |
| United Arab Emirates | 3.6 | 0.9 | 6.8 | 4.3 | -1.0 |
| United Kingdom | -0.7 | 1.5 | 1.2 | 1.0 | 1.8 |
| Uruguay | 4.1 | 1.1 | 3.1 | 0.3 | -11.1 |
| Vietnam | 5.9 | 7.6 | 9.8 | 7.5 | 9.4 |
| Zambia | 3.9 | 1.9 | 0.2 | 2.5 | 3.5 |
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Industry Economic News
Austria: Industrial production picks up in June
August 23, 2019
Industrial output in Austria rose 0.5% month-on-month in June, contrasting May’s revised 0.9% decrease (previously reported: -1.0% month-on-month).
Poland: Industrial output rebounds strongly in July
August 21, 2019
Industrial output jumped 5.8% year-on-year in July, contrasting the 2.7% decline recorded in June, according to the Central Statistical Office (GUS).
Russia: Industrial output growth moderates in July
August 15, 2019
Annual industrial output growth came in at 2.8% in July, softening from June’s 3.3% year-on-year jump.
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