The newest data from the UN* confirms most of the recent trends in manufacturing output – most notably that China continues to grow dramatically. The data also shows a stagnation in USA manufacturing output over the last several years, though the USA remains by far the largest manufacturer. The most significant news from this latest data, I believe, is that that manufacturing output growth in the USA has been slower than global manufacturing output growth from 2002-2005. This was not the case prior to 2002. I will be writing more on this data in the Curious Cat Investing and Economics Blog. UN Data, in billions of current US dollars:
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This year the UN provided data separating out manufacturing from mining and utilities so the data above is just for manufacturing (last year included all 3 categories together, see: Global Manufacturing Data by Country. The tables includes the top 14 countries since I thought the data on those four countries were also interesting. This data cannot be seen as perfectly accurate. There is a fair amount of error within the data, still it provides a useful view of global manufacturing activity.
* Current data from the UN, which will include the data in this post (though with adjustments that have been made since the publication of this post.
Related: Manufacturing Value Added Economic Data by Country – Worldwide manufacturing job data – Manufacturing Data: What Does it Mean – Manufacturing in Asia – article on the practice of lean manufacturing – New Look American Manufacturing – Hopeful About India’s Manufacturing Sector – Manufacturing Jobs – Manufacturing is Cool