Global industrial re-growth since the end of 2011

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Global industrial production has begun to recover after reaching a low point in the third quarter of last year. According to the research report of the French research institute CO-Rexecode, at the end of December 2011, the global industrial growth rate reached 3.5% year-on-year, but the industrial growth in France is far below the average global growth level. The report stated that the re-growth of global industry since the end of 2011 was mainly due to the economic growth of emerging big countries in Asia and other regions. At the end of December, the growth rate of industrial production in the emerging Asian countries reached 7%, including the growth rate of Hungarian countries in Eastern Europe. It also reached 6%. In developed countries, the U.S. economy has also played an important role in restoring growth.

The report shows that global industrial production fell to the bottom in 2008, and there was a temporary recovery in 2009-2010. Due to the European debt crisis and the slowdown in China's economic growth in 2011, global industrial production stagnated.

The report also stated that European countries’ industrial production has stopped deteriorating and gradually resumed growth, but the rate of growth is much lower than the global average. According to data from the French National Bureau of Statistics, the level of industrial orders in France has increased slightly in January, and the depreciation of the euro has increased the competitiveness of European products. According to the analysis of the report, some large export-oriented enterprise groups in France have clearly benefited from the growth of the “BRIC countries”. For example, EADS and LVMH luxury goods companies have achieved good growth performance.

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