Adrian has been conducting research on, and managing teams of analysts covering, the technology industry for over 20 years. He has pioneered many data analysis techniques and methods that are used widely by analysts today, as well as having created frameworks for measuring numerous technology markets from industrial automation products to semiconductors.
We have recently released our latest update of the Manufacturing Industry Output (MIO) Tracker for November. The below infographic demonstrates some of our key findings
The Global MIO Value for 2020 is up by 3% compared to our August Forecast with both the USA and China forecasting continual increases for 2021. Though some regions such as Brazil and India have been hit hard and Germany is experiencing 22 consecutive months of negative growth, we expect a strong global recovery for 2021.
The infographic is also available to download in PDF here
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- MIO Value for 2020 is up 3% from -7.8% to -4.8% compared to the August forecast due to the USA’s forecast increasing from -10.3% to -4.7% and China’s forecast an increasing from -3.5% to +0.9%
- We predict the MIO percentage value to continue to increase into 2021 for both the USA and China.
- Lack of lockdowns in the USA has enabled production to continue
- China have dealt with the virus and have been able to achieve a return to normal
- Challenges remain in Europe, however certain industries like Textiles Electronics and Wood production are all performing better than expected
- The worst hit major regions are Brazil and India who faced the worst two months of production in April and May which cost them almost 2 months worth of production in key sectors
- Germany has now had 22 consecutive months of negative growth and key industries such as Automotive Production and Metal Production have been severely affected by Covid-19
- We expect a strong recovery in 2021 across most regions globally , however the effect of secondary lockdowns, a post–Brexit hangover and the US election could all have a significant effect on the market.