UNIDO (the UN office for industrial development) just released the International Handbook of Industrial Statistics with very comprehensive data on manufacturing output around the world. Unfortunately the handbook is available only in print and very costly. I wish they prepared an executive summary or a document with the “highlights” of their findings, but I couldn’t find any of that. The press release is quite interesting:

The new publication shows that the world’s industrialized countries experienced particularly low manufacturing value added (MVA) growth, with some dynamism in North America and East Asia was largely negated by the sustained recession in Europe. MVA of industrialized countries grew at an average rate of just 0.3 per cent in 2012.

..the global economic crisis beginning in 2009 has not only forced huge job cuts in the manufacturing sector of industrialized countries but has also pulled labour productivity down. Net manufacturing output in the world’s eight major industrialized economies (G-8) has fallen by a much higher rate than the number of employees, reflecting the fact that many businesses retain a skeleton workforce even during periods when there are no or few orders for their products.

And on the LDCs:

The Yearbook also highlights MVA growth trends in the least developed countries (LDCs), which are facing different constraints related to external trade. In comparison with African LDCs, Asian LDCs have the advantage of closer proximity to fast-growing economies, and this is reflected by an average MVA growth rate over the last decade of 8.7 per cent per annum for Asian LDCs compared to 5.9 per cent for African LDCs.

(A little bit) More here

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