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
-
Belarus: Industrial output rises at quickest pace in six months in December
January 17, 2022
Industrial output increased 4.3% in year-on-year terms in December, which was above November's 2.7% increase.
-
China: Industrial output growth gains steam in December
January 16, 2022
Industrial output grew 4.3% year-on-year in December (November: +3.8% yoy), above market expectations.
-
United Kingdom: Industrial output grows at fastest pace since March in November
January 14, 2022
Industrial output increased 0.9% month-on-month in seasonally-adjusted terms in November (October: -0.4% mom).
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
© Copyright: 2022. | Industry | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
