Distinction in travel journalism
Is independent travel journalism important to you?
Click here to keep it independent

2 Sep, 2011

World manufacturing figures to be lower this year as industrial production slows — UNIDO

VIENNA, 1 September 2011 – The world manufacturing output growth is expected to be slower this year compared to last year even despite high growth rates in developing countries, says a report released today by the United Nations Industrial Development Organization (UNIDO).

According to the report, the world manufacturing output rose by 5.2 per cent in the second quarter of 2011 compared to 7.4 per cent in the first quarter.  Developing countries have maintained higher growth rates of manufacturing production increasing by 11.1 per cent. Their manufacturing value added is expected to grow by 8.4 per cent in 2011.

China has made the major contribution to this growth. Its output increased by 14.3 per cent in the second quarter compared to the same period of 2010.

via World manufacturing figures expected lower this year as industrial production slows in second quarter, says UNIDO report.