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.
Looking for forecasts? FocusEconomics Consensus Forecasts cover approx. 30 macro-economic indicators per country for a 5-year forecast period and quarterly forecasts for the most important economic variables. Get Details.
Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Algeria | 1.9 | 1.5 | 2.4 | -1.5 | 2.7 |
| Argentina | 0.1 | -4.5 | 2.5 | -5.0 | -6.4 |
| Armenia | 5.1 | 6.8 | 12.6 | 4.4 | 9.0 |
| Australia | 1.7 | 2.0 | 1.2 | 3.8 | 2.4 |
| Austria | 10.8 | 2.5 | 3.9 | -1.8 | 1.7 |
| Azerbaijan | 2.4 | -0.5 | -3.4 | 1.5 | 1.8 |
| Bangladesh | 11.8 | 13.1 | 14.6 | 14.8 | 8.6 |
| Belarus | -6.6 | -0.4 | 6.1 | 5.7 | 1.0 |
| Belgium | -1.2 | 4.6 | 2.9 | 1.7 | 4.8 |
| Bosnia and Herzegovina | 3.1 | 4.5 | 3.1 | 1.6 | -5.5 |
| Brazil | -8.3 | -6.6 | 2.9 | 0.8 | -1.1 |
| Bulgaria | 2.9 | 2.7 | 3.4 | 0.3 | 0.6 |
| Canada | -0.5 | 0.1 | 4.5 | 3.1 | -0.9 |
| Chile | - | - | - | - | - |
| China | 6.1 | 6.0 | 6.6 | 6.2 | 5.7 |
| Colombia | 2.0 | 4.1 | -0.5 | 3.8 | 1.5 |
| Croatia | 2.5 | 5.0 | 1.9 | -1.0 | 0.5 |
| Cyprus | 4.8 | 10.3 | 7.7 | 6.6 | 3.2 |
| Czech Republic | 4.3 | 3.4 | 6.5 | 3.0 | -0.2 |
| Denmark | 0.1 | 4.2 | 2.0 | 2.0 | 2.7 |
| Dominican Republic | 8.5 | - | - | - | - |
| Ecuador | - | - | - | - | - |
| Egypt | 2.3 | -0.1 | 2.1 | 7.2 | 2.1 |
| Estonia | 0.3 | 3.4 | 4.0 | 4.0 | -2.3 |
| Eurozone | 2.6 | 1.6 | 3.0 | 0.7 | -1.3 |
| Finland | -0.9 | 4.2 | 3.4 | 3.4 | 1.8 |
| France | 1.5 | 0.6 | 2.4 | 0.4 | 0.4 |
| Germany | 0.9 | 1.8 | 3.3 | 0.9 | -3.1 |
| Ghana | 1.1 | 4.3 | 15.7 | 10.6 | 6.4 |
| Greece | 2.3 | 2.6 | 3.9 | 1.6 | -0.8 |
| Guatemala | 2.9 | 1.5 | 0.8 | 1.6 | 3.8 |
| Hungary | 7.4 | 0.9 | 4.6 | 3.5 | 5.4 |
| India | 3.3 | 4.6 | 4.4 | 3.8 | -1.2 |
| Iraq | 22.2 | 8.0 | - | - | - |
| Ireland | 44.3 | 2.1 | -2.5 | -4.8 | 2.9 |
| Israel | 2.2 | 1.7 | 3.7 | 3.5 | 2.9 |
| Italy | 1.1 | 1.9 | 3.6 | 0.7 | -1.0 |
| Japan | -1.1 | 0.0 | 3.1 | 1.1 | -3.0 |
| Jordan | 0.9 | -2.1 | -0.7 | -6.1 | -5.5 |
| Kazakhstan | -1.6 | -1.2 | 7.2 | 4.1 | 3.9 |
| Kenya | 7.3 | 5.9 | 3.8 | 5.3 | - |
| Korea | -0.3 | 2.2 | 2.7 | 1.6 | -0.1 |
| Kyrgyzstan | 2.4 | 2.0 | 9.5 | -9.6 | 3.8 |
| Latvia | 3.6 | 5.4 | 8.3 | 1.5 | 1.0 |
| Lithuania | 4.4 | 2.9 | 6.9 | 4.9 | 3.4 |
| Luxembourg | -8.2 | 1.5 | 6.4 | 5.8 | -4.4 |
| Malaysia | 2.5 | 4.1 | 4.4 | 3.1 | 2.3 |
| Malta | -0.2 | -6.9 | 8.3 | 1.6 | 1.7 |
| Mexico | 1.1 | 0.3 | -0.3 | 0.5 | -1.7 |
| Morocco | 1.8 | 0.6 | 3.6 | 3.0 | 3.5 |
| Netherlands | -3.4 | 1.3 | 1.4 | 0.6 | -0.9 |
| Nigeria | -3.4 | -9.4 | 0.9 | -4.8 | 7.5 |
| North Macedonia | 4.9 | 3.3 | 0.2 | 5.4 | 3.7 |
| Norway | 0.6 | -1.5 | 2.1 | 1.2 | -4.9 |
| Oman | 5.1 | 4.8 | -1.6 | 2.6 | - |
| Panama | 10.8 | 6.9 | 7.0 | 2.8 | 3.4 |
| Paraguay | - | - | - | - | - |
| Poland | 4.8 | 2.9 | 6.5 | 6.0 | 4.3 |
| Portugal | 2.1 | 2.3 | 3.9 | 0.1 | -2.3 |
| Qatar | 2.1 | 2.5 | 2.0 | 1.3 | -1.7 |
| Romania | 2.8 | 1.8 | 7.8 | 3.5 | -3.3 |
| Russia | 0.2 | 1.7 | 3.8 | 3.5 | 2.3 |
| Saudi Arabia | 5.0 | 2.3 | -2.4 | 2.7 | -2.6 |
| Serbia | 7.3 | 5.2 | 3.9 | 1.3 | 0.3 |
| Slovakia | 6.7 | 4.6 | 3.3 | 4.3 | 0.5 |
| Slovenia | 5.6 | 6.6 | 7.7 | 5.1 | 3.3 |
| South Africa | 0.0 | 0.7 | -0.5 | - | - |
| Spain | 3.2 | 1.9 | 3.2 | 0.3 | 0.7 |
| Sweden | 2.9 | 2.2 | 4.7 | 3.2 | 1.2 |
| Switzerland | -2.0 | 0.1 | 5.2 | 5.4 | 4.4 |
| Taiwan | -1.3 | 2.0 | 5.0 | 3.6 | -0.3 |
| Tunisia | -2.4 | -0.5 | -1.1 | -0.6 | -3.2 |
| Turkey | 6.1 | 3.4 | 9.1 | 1.1 | -0.6 |
| USA | -1.0 | -2.0 | 2.3 | 3.9 | 0.9 |
| Ukraine | -12.3 | 4.0 | 1.1 | 3.0 | -0.5 |
| United Arab Emirates | 6.0 | 3.2 | -0.8 | 1.6 | 3.1 |
| United Kingdom | 1.0 | 1.1 | 1.7 | 0.8 | -1.4 |
| Uruguay | 3.1 | 0.3 | -11.1 | 11.5 | -1.5 |
| Vietnam | 9.8 | 7.5 | 9.4 | 10.2 | 9.1 |
| Zambia | 0.2 | 5.6 | 5.4 | 4.3 | - |
Download Sample Report
Industry Economic News
-
Lithuania: Industrial activity contracts at sharpest pace since May 2020 in December
January 25, 2023
Industrial output plunged 7.7% year on year in December (November: 0.0% yoy).
-
Poland: Industrial output growth falls to over one-year low in December
January 24, 2023
Industrial output increased 1.0% in year-on-year terms in December, which was a deterioration from November's 4.5% increase.
-
Thailand: Manufacturing activity drops in November
January 19, 2023
Manufacturing output dropped 0.8% month-on-month in seasonally-adjusted terms in November (October: -4.0% mom).
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
© Copyright: 2023. | Industry | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
