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Global manufacturing output to grow only 0.3% in 2024

Control Engineering

Due to the semiconductor slump, manufacturing output in the Asia-Pacific region is declining – the region accounts for almost 90% of semiconductor and components production. Between 2023 and 2028, machinery production (as a sub-sector of manufacturing) is expected to grow faster than the manufacturing sector overall.

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Manufacturing industry recovery dependent on prudent fiscal policies

Control Engineering

Global manufacturing insights The Interact Analysis Manufacturing Industry Output (MIO) Tracker predicts a slight dip in global manufacturing industry output in 2024, followed by an uptick in 2025, contingent on appropriate fiscal policies and stimulus initiatives. this year.