UNIDO releases the International Yearbook of Industrial Statistics 2023: Insights into the Trends and Challenges of Sustainable Industrial Development

Vienna – The 29th edition of the International Yearbook of Industrial Statistics presents an overview of the most recent developments in industrial sectors around the world. Globally, there was a 2.3% growth in industrial sectors, encompassing manufacturing, mining, electricity, water supply, waste management, and other utilities, signalling a post-pandemic recovery. Manufacturing accounted for most of this dynamism, with an increase of 3.2%, while the combined mining and utilities sector—the largest contributor to the economy in low-income countries—contracted by 0.9%. Projections for 2023 suggest a slowdown in manufacturing due to rising costs, tighter monetary conditions, geopolitical tensions and global supply chain disruptions.