World industrial production growth slightly increased in the first quarter of 2013 after a continuous decline since the second quarter of 2010. Despite this break from a nearly three-year downward trend, the prospect of recovery remains fragile for the majority of industrialized and emerging industrial economies.
The base of the current growth is limited to the United States and China only, the world’s leading manufacturers. While the sustained growth of industrialized economies has been jeopardized by stagnation in Europe due to the austerity measures, developing and emerging industrial economies faced decline in external demand due to prolonged recession in industrialized economies.
The growth estimates are presented by manufacturing industry for both industrialized and developing and emerging industrial countries. Due to the economic recession, which has caused significant job losses and a drop in income, demand for capital goods and durable items for household consumption fell worldwide in the first quarter of 2013.
Key Findings on the Production of Apparel Wear
- Production of wearing apparel increased by 5.1 percent.
- Production of textiles increased by 7.4 percent and wearing apparel by 8.9 percent compared to the same quarter in the previous year.
- Production of wearing apparel dropped in Brazil and Egypt, but increased in India, South Africa and Turkey.
- In the first quarter the wearing apparel and fur production in the developing and EIEs increased by 8.9% , in the industrialized economies it was a negative growth of -3.5 % and in the world an increase of 5.1% was seen.
Quarter I, 2013 (in percent compared to Quarter IV of 2012):
Increase in wearing apparel, fur in developing and EIEs was 16.1%, in the industrialized economy was a negative growth of -1.4 % and in the world an increase of 10.6 % was seen.
In leather products and footwear in developing and EIEs an increase of 11.9% was seen, in industrialized economy an increase of 0.6% and in the world economy an increased of 8.1 %.
Estimated growth rates of output by manufacturing sector - Quarter IV, 2012 (revised) (in % compared to the same period of the previous year):
The projected growth rates in textiles: In the developing and EIEs increase of 6.9 %, in industrialized economies negative growth of -2.6 % and in the world increase of 3.8 % is estimated.
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