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
| 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 | - |
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Industry Economic News
-
Lithuania: Industrial output contracts in October
November 23, 2020
Industrial output fell 0.5% year-on-year in October (September: +3.2% yoy).
-
Poland: Industrial output growth eases in October
November 20, 2020
Industrial output increased 1.0% in year-on-year terms in October, a softer rise than September's 5.9% expansion.
-
Kazakhstan: Industrial output falls at sharper pace in October
November 17, 2020
Industrial output nosedived 6.2% year-on-year in October (September: -3.5% yoy).
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