Leather manufacturing output grew 1.4% in Q2, UNIDO says
07/09/2016
The Vienna-based organisation’s report states that, with financial uncertainty still looming across Europe, foreign direct investment has not yet reached the 2007 pre-crisis level.
According to UNIDO, world manufacturing output is expected to increase by 2.8% in 2016. Manufacturing production is likely to rise by 1.3% in industrialised countries and by 4.7% in developing economies. It said manufacturing output growth in China, the world’s largest manufacturer, is likely to be 6.5% this year.
Its figures for leather production are lower. In the second quarter of 2016, UNIDO said output from leather manufacturing had grown by 2.6% in developing and emerging countries but had declined by 2% in industrialised countries, giving a global growth figure for the quarter of 1.4%.
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