In July 2024, global industrial production, excluding the United States, increased by 1.5 percent compared to the same time in the previous year, based on three month moving averages. This is compared to an increase of 0.2 percent in advanced economies (excluding the United States) for the same time period. The global industrial production collapsed after the outbreak of COVID-19, but increased steadily in the months after, peaking at 23 percent in June 2021. Industrial growth rate tracks the output production in the industrial sector.
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Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.
Throughout the Great Depression, the Soviet Union's isolation and removal from the capitalist system meant that its industrial production grew by more than 300 percent between 1929 and 1938, compared to the relatively low figures across the rest of Europe and the U.S. The Soviet Union was the only country of those listed whose industrial output did not fall in the years immediately following the Wall Street Crash of 1929. The U.S. and Germany, conversely, saw industrial production fall by 45 and 41 percent, respectively, although they had the fourth and second highest growth rates of the period between 1932 and 1938.
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Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.
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Gross Industrial Output: Guangdong: Guangzhou data was reported at 2,384,910.490 RMB mn in 2023. This records a decrease from the previous number of 2,392,858.250 RMB mn for 2022. Gross Industrial Output: Guangdong: Guangzhou data is updated yearly, averaging 1,339,722.610 RMB mn from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 2,392,858.250 RMB mn in 2022 and a record low of 206,857.960 RMB mn in 1996. Gross Industrial Output: Guangdong: Guangzhou data remains active status in CEIC and is reported by Guangzhou Municipal Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BL: Gross Industrial Output: Prefecture Level City.
Industrial output across the OECD fell by significant amount between the 1960s and 1970s, when annual averages are compared. Overall, the OECD saw industrial output grow by almost six percent in each year between 1960 and 1970, whereas this growth fell to just 3.5 percent per year between 1971 and 1978. The largest individual decline of the major economies was observed in Japan, who saw a difference of nine percent between the two periods. The largest proportional decline of the given countries, however, was observed in Switzerland, where annual industrial output between 1971 and 1978 was less than one tenth of the rate in the previous period. The primary reason for this decline was due to the 1973-1975 recession that resulted from the oil embargo of 1973, which highlighted the developed world's increasing dependency on foreign oil imports. This recession also marked the end of the post-war economic boom, but saw the transition of economies such as Japan, West Germany, and wider European Economic Community in general (i.e. the predecessor to the EU) into global economic powers.
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Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.
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Industrial Production, constant US$ in United States was reported at 3351660018929 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Industrial Production, constant US$ - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.
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United States US: Industrial Production Index data was reported at 110.166 2010=100 in 2017. This records an increase from the previous number of 108.448 2010=100 for 2016. United States US: Industrial Production Index data is updated yearly, averaging 56.356 2010=100 from Dec 1948 (Median) to 2017, with 70 observations. The data reached an all-time high of 111.714 2010=100 in 2014 and a record low of 15.333 2010=100 in 1949. United States US: Industrial Production Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.IFS: Production Index: Annual.
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Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.
In the six years after the Second World War (which ended in 1945), industrial output across Western Europe grew exponentially. In 1947, neutral countries such as Sweden and Spain were already recording significantly larger industrial outputs than before the war, although countries that had been devastated by the war, such as Austria, France, and Italy, took slightly longer.
By 1951, at the beginning of what is known as Western Europe's "Golden Age", output was over seventy percent higher than it's pre-war level in a number countries. This was true for both agriculture-based countries, such as Ireland and Italy, as well as the heavily-industrialized countries of Belgium and the United Kingdom.
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Industrial Production, constant US$ in Honduras was reported at 0 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Honduras - Industrial Production, constant US$ - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.
Providing daily updates of global economic developments, with coverage of high income- as well as developing countries. Daily data updates are provided for exchange rates, equity markets, interest rates, stripped bond spreads, and emerging market bond indices. Monthly data coverage (updated daily and populated upon availability) is provided for consumer prices, high-tech market indicators, industrial production and merchandise trade.
Ryazan Region industrial production index was 97.3 % in November 2020, down by 0.00% from the previous month. The industrial production index (IPI) is a periodical economic indicator measuring real output in manufacturing, mining, electric, and gas industries, relative to previous period.
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China Gross Industrial Output: DF: Other Enterprises data was reported at 1,043,364.409 RMB mn in 2011. This records an increase from the previous number of 287,611.000 RMB mn for 2010. China Gross Industrial Output: DF: Other Enterprises data is updated yearly, averaging 57,362.000 RMB mn from Dec 1999 (Median) to 2011, with 13 observations. The data reached an all-time high of 1,043,364.409 RMB mn in 2011 and a record low of 10,567.000 RMB mn in 1999. China Gross Industrial Output: DF: Other Enterprises data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.BD: Gross Industrial Output.
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Key information about United States Industrial Production Index Growth
From the 1920s until the Second World War, industrial output in the major economies of the Americas fluctuated greatly. Using manufacturing output in 1938 as a benchmark, the U.S. had fairly consistent output throughout the 1920s, before there was a significant drop after the Wall Street Crash in 1929 - by 1932, output fell to around two thirds of its 1929 level, and it would take another five years to recover thereafter. After the Recession of 1937-38, manufacturing output then doubled by the early-1940s, as the U.S. ramped up armament before it joined the Second World War. Output in 1943 was almost three times higher than it had been in 1938.
Canada's industrial output followed a similar trend to that of the U.S., whereas Mexico saw comparatively little change across the given period. Similar to Mexico, Brazil's manufacturing output was not drastically affected by the Great Depression, although Brazil saw the largest relative growth over the given period, with output in 1944 over five times higher than it had been in the mid-1920s - it should be noted, however, that both Latin American countries' manufacturing industries were at a much lower stage of development than the North American industries during this time.
Industrial production of Vĩnh Long rose by 3.03% from 0.3 billion VND in 2011 to 0.3 billion VND in 2012. Since the 7.69% slump in 2010, industrial production slumped by 5.56% in 2012.
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Gross Industrial Output: Shanghai data was reported at 3,964,532.000 RMB mn in 2022. This records a decrease from the previous number of 3,997,501.000 RMB mn for 2021. Gross Industrial Output: Shanghai data is updated yearly, averaging 702,298.000 RMB mn from Dec 1978 (Median) to 2022, with 45 observations. The data reached an all-time high of 3,997,501.000 RMB mn in 2021 and a record low of 51,401.000 RMB mn in 1978. Gross Industrial Output: Shanghai data remains active status in CEIC and is reported by Shanghai Municipal Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BL: Gross Industrial Output: Prefecture Level City.
The late 1800s saw Japan emerge one the global stage as a formidable industrial power. In the century between 1874 and 1975, its industrial output was more comparable with European powers or the United States than any of its Asian neighbors.
During the interwar period (1918-1939), Japan's industry grew rapidly - this was even in spite of international crises, such as the Great Depression or U.S. trade tariffs in the 1930s, as Japan's industrial output still doubled between 1932 and 1939. Output continued to grow during the Second World War, but following the Empire of Japan's defeat in 1945, the most significant downturn in this period occurred, as production in 1946 was less than a quarter of what it had been two years previously. Yet, the postwar period would see Japan become the fastest-growing major economy in the world, with industrial output doubling roughly every five years in the 1950s and 1960s.
In July 2024, global industrial production, excluding the United States, increased by 1.5 percent compared to the same time in the previous year, based on three month moving averages. This is compared to an increase of 0.2 percent in advanced economies (excluding the United States) for the same time period. The global industrial production collapsed after the outbreak of COVID-19, but increased steadily in the months after, peaking at 23 percent in June 2021. Industrial growth rate tracks the output production in the industrial sector.