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• Global manufacturing production has improved
• Economic recovery is strengthening in developed economies, although slowly
• Public fiscal stimulus programmes have been a determinant factor in economic growth in many developing countries

Global industrial production accelerated by an annualized rate of 4 per cent in the third quarter of 2013, in line with an ongoing positive trend in industrial production and trade. This is the fastest pace in about two and a half years, excluding the exceptional circumstances that followed the flooding in Thailand and Japan’s nuclear disaster in 2011. Industrial production picked up in many countries, but the strongest acceleration in output has been experienced in emerging economies, where industrial production growth reached almost 8 per cent between June and August of this year.