A report released by the United Nations Industrial Development Organization said that world manufacturing production increased by 5.5% in the third quarter of 2011 compared to the same period of last year.

According to the report “Though world industrial output increased only slightly in the third quarter of this year compared to the previous quarter, the consistent growth in major economies indicated that a further worldwide downturn in industrial production is not imminent.”

It said “Growth from developing countries continued to accelerate, which increased by 13% in the third quarter, while the manufacturing output of developed countries rose by an average of 3.3%. China's manufacturing increased by 14.5%, the United States by 4.1% and Japan grew by 4.3%.”

It added that the European financial crisis so far has limited impacts on the manufacturing industry.

In the third quarter of this year, good performance in manufacturing production was observed in Germany, Austria, Sweden and the Czech Republic with a surge of 9.6%, 7.2%, 6.4% and 5.5% respectively.

France and Britain had moderate growth, while in Italy, the manufacturing output fell in the third quarter in comparison with the previous one, like Greece, Portugal and Spain.

(Sourced from Xinhua)