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Worldwide industrial production from 2008 to 2019

Mostly decreasing, stagnating tendency of worldwide industrial production in 2019

The worldwide industrial production is highlighted by four reports. This report investigates the worldwide industrial production and its outlook from the outbreak of the world economic crisis to 2019. A report keeps on track of the quarterly trends. A further report deals with the structural changes in the course of the industrial production and finally a report highlights the yearly growth rates in the global economy.

Update March 20th, 2020 – The background for the worldwide industrial production in year 2019 provides the following facts and trends:

  • The worldwide industrial production is analyzed for groups of countries that absorb over 80% of machine exports from Germany. Those are the three groups industrialized countries (European Union, the USA, and Japan), BRIC countries (Brazil, Russia, India, China) and MIST countries (Mexico, Indonesia, South Korea and Turkey).

  • Our reports for these three country groups identify those trends based on periods ranging from fifteen to almost forty years that are determining today. So five structural changes coin the current situation of the worldwide industrial production today.

  • These five structural changes are in keywords: 1. shorter sequence of economic crises since 2000, 2. deeper crises, 3. longer crisis overcoming, 4. galloping national indebtedness and 5. instead of a general upward business trend as it is common after a crisis, non-uniform crisis overcoming with coexisting of growth, stagnation and setback of industrial production producing a stagnant total tendency.

Industrial production in the industrialized countries mostly declining in 2019

Symbol picture industrialized countries.

The group of industrialized countries takes 60% of the German machine exports.


Its industrial production declines predominantly in 2019. Growth of industrial production in the US is weakened.

  • In the USA industrial production grows only weakened in 2019 by 0.8 index points.

  • In Germany industrial production is in crisis and declines from 105.7 to 100.7 index points.

  • Also industrial production in the European Union declines in 2019 by 0.8 index points. Japan's industrial production declines by 0.5 index points.
Industrial production in the industrialized countries from 2008 to 2019.

A separate report examines the annual rates of change in industrial production both since 2008 and since the economic crisis of 2008/2009. These growth rates are 1.1% per year since 2013 for the USA, 0.3% per year since 2011 for Germany, 0.1% per year since 2011 for the EU and minus 0.1% per year since 2010 for Japan.

BRIC countries predominantly growing

Symbol picture BRIC countries

Industrial production in the BRIC countries, which account for 15% of machinery exports from Germany, mainly grows in 2019:

 

  • India’s industrial production grows only slightly by 1 index points to 115.5 index points.

  • Russia’s industrial production can grow by 2.5 index points in 2019.

  • Finally Brazil's industrial production has been in crisis since 2014. Also in 2019 industrial production declines by 1.2 index points.
Industrial production in the BRIC countries from 2008 to 2019.

China has shown the strongest growth in industrial production since 2008 with 9.0% per year, followed by India with 3.4% per year and Russia with 2.0% since 2011. Brazil's industrial production has been falling by 1.7% per year since 2010.

MIST countries with partly growing, partly stagnating tendency in 2019

Symbol picture MIST countries.

MIST countries with 6% share at the machine export showing a mixes picture.

  • In Turkey industrial production decreases by 0.7 index points in 2019.

  • Indonesia's industrial production grows dynamically in 2019 from 113.5 to 117.8 index points.

  • South Korea's industrial production stagnates in 2019 at 106.3 index points.
  • The OECD doesn't deliver data to Mexico's industrial production since 2018.
Industrial production in Mexico, Indonesia, South Korea und Turkey (MIST) from 2008 to 2019.

Since 2010, Turkey's industrial production has been growing most strongly in this group of countries, at 6.4% per year, followed by Indonesia with 4.5% per year since 2008 and South Korea with 1.7% per year. Mexico's industrial production declined by 2.3% per year from 2011 to 2017.

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