Global leather production grows 4.4%
13/07/2012
Demand for capital goods rose in the industrialised
countries of North America and East Asia
during the first quarter.
According to statistics from UNIDO, the production of machinery
and equipment grew by 6.7% in the US, 2.4% in Japan and 7.2% in Singapore.
Overall growth of machinery and equipment in industrialised countries was
estimated at 4.4%.
However, production levels in these regions declined within
other sectors such as food, textiles, leather and leathergoods.
Its figures suggest that leather, leathergoods and
footwear production fell 6.9% in industrialised countries compared with a rise
of 10.5% for the sector in developing regions. Overall, the global growth rate was
4.4%.
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