Industrial production (IP) growth in the emerging world is very weak. In aggregate terms, EM output grew by just 2.0% y/y in August – the slowest rate of growth since the global financial crisis. The aggregate figure masks big differences between regions. (See Chart.) Industry in Emerging Asia is holding up reasonably well. But industrial production growth in Emerging Europe has slowed sharply, and output in Latin America has been contracting in y/y terms for most of the past year. Looking ahead, we expect some improvement in parts of the EM world, particularly those with strong trade ties to the US. In contrast, we expect growth to remain subdued in the BRICs and those EMs that rely on natural resources.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services