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 | 2.2 | -1.4 | 0.6 | 1.5 | 2.3 |
| Argentina | 0.0 | -1.8 | 0.4 | -4.6 | 1.8 |
| Armenia | 7.3 | 2.6 | 5.1 | 6.8 | 12.6 |
| Australia | 1.0 | 3.7 | 0.8 | 1.5 | 1.1 |
| Austria | 0.4 | -0.4 | 2.1 | 2.7 | 4.4 |
| Azerbaijan | 1.8 | -0.7 | 2.4 | -0.5 | -3.4 |
| Bangladesh | 12.0 | 8.7 | 11.8 | 13.1 | 15.3 |
| Belarus | -4.9 | 2.0 | -6.6 | -0.4 | 6.1 |
| Belgium | -0.5 | 1.3 | -0.9 | 4.6 | 2.8 |
| Bosnia and Herzegovina | 6.6 | 0.3 | 3.1 | 4.5 | 3.1 |
| Brazil | 2.1 | -3.0 | -8.3 | -6.4 | 2.5 |
| Bulgaria | -0.2 | 1.8 | 2.9 | 2.7 | 3.4 |
| Canada | 1.8 | 5.1 | -0.9 | 0.1 | 5.2 |
| Chile | - | - | - | - | - |
| China | 9.7 | 8.3 | 6.1 | 6.0 | 6.6 |
| Colombia | -1.8 | 1.3 | 1.8 | 3.5 | -0.6 |
| Croatia | -1.7 | 1.2 | 2.5 | 5.0 | 1.9 |
| Cyprus | -13.4 | -0.1 | 3.4 | 8.7 | 9.7 |
| 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 | 6.2 | 3.7 | -0.4 | -2.5 | 2.1 |
| Egypt | 0.6 | -4.8 | 2.3 | -0.1 | 1.7 |
| Estonia | 4.4 | 4.3 | -2.2 | 2.6 | 8.0 |
| Eurozone | -0.8 | 1.1 | 2.6 | 1.6 | 3.0 |
| Finland | -3.0 | -1.9 | -1.1 | 3.9 | 4.2 |
| France | -0.8 | -1.0 | 1.5 | 0.3 | 2.4 |
| Germany | 0.1 | 1.5 | 1.0 | 1.8 | 3.3 |
| Ghana | 6.6 | 0.8 | -0.3 | -0.5 | 16.7 |
| Greece | -3.2 | -1.9 | 1.0 | 2.5 | 4.5 |
| Guatemala | 3.5 | 4.6 | 3.7 | 3.0 | 1.9 |
| Hungary | 1.1 | 7.7 | 7.4 | 0.9 | 4.8 |
| India | 3.3 | 4.1 | 3.4 | 4.5 | 4.3 |
| Iraq | 5.0 | 6.7 | 22.2 | 8.0 | - |
| Ireland | -2.2 | 20.9 | 32.9 | 1.8 | -2.2 |
| Israel | 0.5 | 1.2 | 2.2 | 1.7 | 3.7 |
| Italy | -3.1 | -0.6 | 1.0 | 2.1 | 3.7 |
| Japan | -0.8 | 2.1 | -1.2 | -0.2 | 4.4 |
| 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 | 6.0 | 4.9 |
| Korea | 0.7 | 0.3 | -0.3 | 2.3 | 1.9 |
| Kyrgyzstan | 68.3 | -23.2 | 2.4 | 2.0 | 9.5 |
| Latvia | -0.9 | -1.1 | 3.6 | 5.4 | 8.5 |
| Lithuania | 3.2 | 0.1 | 4.9 | 2.8 | 6.9 |
| Luxembourg | -7.1 | -2.7 | -8.2 | 1.5 | 9.8 |
| Macedonia | 3.2 | 4.8 | 4.9 | 3.4 | 0.2 |
| Malaysia | 3.4 | 5.2 | 2.5 | 4.1 | 4.3 |
| Malta | -4.7 | -5.7 | 6.0 | -4.4 | 3.9 |
| Mexico | -0.2 | 2.6 | 1.2 | 0.4 | -0.6 |
| Morocco | 0.9 | 1.3 | 1.6 | 2.1 | 2.6 |
| Netherlands | 0.6 | -2.9 | -3.3 | 2.3 | 2.0 |
| Nigeria | -0.1 | 6.0 | -3.4 | -9.4 | -3.6 |
| Norway | -5.0 | 3.6 | 0.6 | -1.5 | 2.1 |
| Oman | 3.1 | 0.2 | 5.4 | 3.2 | - |
| Panama | 16.5 | 10.2 | 10.2 | 6.0 | 6.3 |
| 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 | 1.7 | 0.8 | 1.5 |
| Romania | 7.9 | 6.2 | 2.8 | 1.8 | 7.8 |
| Russia | 0.4 | 1.6 | -0.8 | 1.3 | 1.0 |
| Saudi Arabia | 0.2 | 3.1 | 5.0 | 2.4 | -2.3 |
| Serbia | 5.6 | -6.1 | 8.4 | 4.8 | 3.5 |
| Slovakia | 2.2 | 3.0 | 6.0 | 3.8 | 3.1 |
| Slovenia | -1.0 | 1.8 | 5.1 | 7.8 | 8.5 |
| South Africa | 1.3 | 0.1 | 0.0 | 0.7 | -0.5 |
| Spain | -1.6 | 1.2 | 3.2 | 1.9 | 3.1 |
| Sweden | -4.1 | -2.2 | 2.9 | 2.2 | 4.6 |
| Switzerland | 0.8 | 1.4 | -2.5 | 0.0 | 5.0 |
| Taiwan | 3.2 | 6.4 | -1.3 | 2.0 | 5.0 |
| Tunisia | 1.1 | -1.1 | -2.6 | -0.5 | -1.0 |
| Turkey | 7.2 | 5.7 | 5.8 | 3.4 | 8.9 |
| USA | 2.0 | 3.1 | -1.0 | -1.9 | 1.6 |
| Ukraine | -4.3 | -10.1 | -13.0 | 2.8 | 0.4 |
| United Arab Emirates | 3.6 | 0.9 | 6.8 | 4.3 | - |
| United Kingdom | -0.7 | 1.5 | 1.2 | 1.3 | 1.9 |
| Uruguay | 4.1 | 1.1 | 3.1 | 0.3 | -11.1 |
| Vietnam | 5.9 | 7.6 | 10.0 | 7.3 | 9.4 |
| Zambia | 3.9 | 1.9 | 0.2 | 2.5 | - |
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Industry Economic News
Poland: Industrial output growth moderates in March
April 18, 2019
Industrial output grew 5.6% year-on-year in March, according to the Central Statistical Office (GUS).
China: Industrial production growth shoots up on policy stimulus in March
April 17, 2019
Industrial production increased 8.5% year-on-year in March, well above the 5.3% rise registered in January–February.
Turkey: Industrial production falls again in February but signs of a bottoming out emerge
April 16, 2019
Industrial production dropped 5.1% year-on-year in February on calendar-adjusted terms, which is an improvement compared to the downwardly revised 7.4% contraction in January (previously reported: -7.3% year-on-year).
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