Global Economic Briefing: Industrial Production November 27, 2017 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 4-664-1333 djohnson@ Mali Quintana 4-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box
Table Of Contents Table Of Contents World Industrial Production 1-2 OECD Industrial Production 3 G7 Industrial Production 4 EM Industrial Production 5-6 European Industrial Production 7-8 EM Industrial Production 9-10 November 27, 2017 / Global Industrial Production www.
World Industrial Production Figure 1. WORLD INDUSTRIAL PRODUCTION (EX CONSTRUCTION) (2005=, swda, ratio scale) 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 * Seasonally and working day adjusted. Source: Netherlands Bureau for Economic Policy Analysis. 1 1 Figure 2. WORLD INDUSTRIAL PRODUCTION (EX CONSTRUCTION) (2005=, swda,* ratio scale) 1 1 Advanced Economies Emerging Economies 40 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 40 * Seasonally and working day adjusted. Source: Netherlands Bureau for Economic Policy Analysis. Page 1 / November 27, 2017 / Global Industrial Production www.
15 Figure 3. World Industrial Production WORLD INDUSTRIAL PRODUCTION (EX CONSTRUCTION) (yearly percent change) 15 10 World (3.9) 10 5 5 0 0-5 -5-10 -10-15 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 Source: Netherlands Bureau for Economic Policy Analysis. -15 20 Figure 4. WORLD INDUSTRIAL PRODUCTION (EX CONSTRUCTION) (yearly percent change) 20 10 10 0 0-10 -20 World Production Advanced Economies (3.3) Emerging Economies (4.4) 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 Source: Netherlands Bureau for Economic Policy Analysis. -10-20 Page 2 / November 27, 2017 / Global Industrial Production www.
OECD Industrial Production 145 Figure 5. OECD INDUSTRIAL PRODUCTION (19=, sa) Aug 145 135 135 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 Source: OECD. 14 12 10 8 6 4 2 0-2 -4-6 -8-10 -12-14 -16-18 Figure 6. OECD INDUSTRIAL PRODUCTION (yearly percent change) 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 Source: OECD. Aug 14 12 10 8 6 4 2 0-2 -4-6 -8-10 -12-14 -16-18 Page 3 / November 27, 2017 / Global Industrial Production www.
G7 Industrial Production 116 108 92 84 76 Figure 7. UNITED STATES (2012=, sa) EURO ZONE 19 (2010=, swda) 68 CANADA (2007=, sa) Aug GERMANY (2010=, swda) UNITED KINGDOM (2013=, sa) FRANCE (2010=, swda) JAPAN (2010=, sa) ITALY (2010=, sa) Page 4 / November 27, 2017 / Global Industrial Production www.
425 3 325 2 225 1 25 Figure 8. CHINA: VALUE ADDED (2005=, sa) EM Industrial Production PHILIPPINES (2000=, sa) 1 165 155 145 135 65 55 1 INDIA (April 2011-March 2012=, sa) SINGAPORE (2011=, sa) 135 55 30 35 INDONESIA (2010=, sa) SOUTH KOREA (2010=, sa) 40 20 165 145 MALAYSIA (2005=, sa) TAIWAN (2011=, sa) 65 45 Page 5 / November 27, 2017 / Global Industrial Production www.
EM Industrial Production Figure 9. THAILAND (2000=, sa) CZECH REPUBLIC (2010=, sa) 1 BRAZIL (2012=, sa) HUNGARY (2010=, swda) 1 MEXICO (2008=, sa) RUSSIA (2012=, sa) 65 55 BULGARIA (2010=, sa) POLAND (2010=, sa) 40 Page 6 / November 27, 2017 / Global Industrial Production www.
Figure 10. European Industrial Production EUROZONE: INDUSTRIAL PRODUCTION EXCLUDING CONSTRUCTION Eurozone (=103.0) Germany (=.7) France (=92.7) Italy (=.6) Spain (=.6) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 1 1 1 165 155 145 135 65 Figure 11. EURO ZONE: INDUSTRIAL PRODUCTION (January 2010=) Greece (sa) (=78.0) Portugal (swda) (=89.7) Ireland (swda) (=158.5) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 1 1 1 165 155 145 135 65 Page 7 / November 27, 2017 / Global Industrial Production www.
Figure 12. INDUSTRIAL PRODUCTION (January 2006=) European Industrial Production Sweden (=91.6) Denmark (=87.8) Finland (=93.8) Netherlands (=103.2) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Figure 13. INDUSTRIAL PRODUCTION (January 2006=) UK (=93.7) Germany (=.7) France (=92.7) Italy (=.6) Spain (=.6) EU-27 (=104.5) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Page 8 / November 27, 2017 / Global Industrial Production www.
EM Industrial Production 1 Figure 14. INDUSTRIAL PRODUCTION: MANUFACTURING (sa) 1 India (Apr 11-Mar 12=) (=.6) Indonesia (2010=) (=139.4) Malaysia (2010=) (=132.9) 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Figure 15. INDUSTRIAL PRODUCTION (sa) Singapore (2011=) (=119.1) South Korea (2010=) (=.8) Taiwan (2011=) (=.0) 25 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 25 Page 9 / November 27, 2017 / Global Industrial Production www.
Figure 16. EM Industrial Production INDUSTRIAL PRODUCTION: SELECTED COUNTRIES (sa) Brazil (2012=) Mexico (2008=) 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Page 10 / November 27, 2017 / Global Industrial Production www.
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