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World Manufacturing ProductionStatistics for Quarter I 2021
One year of COVID-19
Statistics for Quarter I 2021
Manufacturing value added growth prospects in 2021
In addition to the observed figures for the first quarter of 2021, this report includes UNIDOs revised estimates for manufacturing growth in 2020 and projections for 2021. These are based on manufacturing value added figures from national accounts.
The global COVID-19 outbreak caused a notable decrease in manufacturing production in 2020, primarily due to national containment strategies in the form of economic and social lockdowns and other policies. These measures have had a significant impact on both demand and supply. Consumer demand declined in general due to uncertainties triggered by travel restrictions, remote working, job losses and other factors, while the production of certain goods came to a worldwide halt for several months. In addition, 2019 already pointed towards a slowdown in manufacturing growth, mainly because of the ongoing trade and tariff tensions between the two largest manufacturers in the world, China and the United States. However, with a revised estimated drop of 6.8 per cent in world manufacturing in 2020, global manufacturing losses were not quite as substantial as projected at the end of last year (-8.7 per cent),The latest MVA forecasts can be found
The latest MVA forecasts can be found World Manufacturing Production, Quarter 3 - 2020
The forecasts for global manufacturing point to signs of recovery in 2021, albeit at varying speeds across different regions.
Manufacturing value added (MVA) in industrialized economies is expected to grow by 7.2 per cent in 2021 (compared to an estimated drop of 10.4 per cent in 2020). The United States is expected to lead this group, with an estimated growth of 10.4 per cent in 2021, which is all the more significant after the decline of 10 per cent in 2020. Following closely is Slovakia, with 9.1 per cent (climbing from a 7.7 per ce
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