Comments on: Data on the Largest Manufacturing Countries in 2008 http://investing.curiouscatblog.net/2009/10/13/data-on-the-largest-manufacturing-countries-in-2008/ Tue, 07 Feb 2012 05:51:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Top 15 Manufacturing Countries in 2009 at Curious Cat Economics Blog http://investing.curiouscatblog.net/2009/10/13/data-on-the-largest-manufacturing-countries-in-2008/comment-page-1/#comment-5414 Top 15 Manufacturing Countries in 2009 at Curious Cat Economics Blog Tue, 04 Jan 2011 13:49:23 +0000 http://investing.curiouscatblog.net/?p=623#comment-5414 The big, long term story remains the same. China has continued to grow manufacturing output tremendously. I see very little data to support the stories about manufacturing having to leave China to go elsewhere... The big, long term story remains the same. China has continued to grow manufacturing output tremendously. I see very little data to support the stories about manufacturing having to leave China to go elsewhere…

]]> By: Is this the start of our decline « Talking Bollocks http://investing.curiouscatblog.net/2009/10/13/data-on-the-largest-manufacturing-countries-in-2008/comment-page-1/#comment-5159 Is this the start of our decline « Talking Bollocks Fri, 09 Jul 2010 21:33:26 +0000 http://investing.curiouscatblog.net/?p=623#comment-5159 [...] UK still has some cards up it sleeve. In 2008 we were the sixth biggest manufacturer after Italy but Russia was at 7 and Brazil at [...] [...] UK still has some cards up it sleeve. In 2008 we were the sixth biggest manufacturer after Italy but Russia was at 7 and Brazil at [...]

]]> By: Richard McCormack http://investing.curiouscatblog.net/2009/10/13/data-on-the-largest-manufacturing-countries-in-2008/comment-page-1/#comment-5084 Richard McCormack Tue, 25 May 2010 12:44:50 +0000 http://investing.curiouscatblog.net/?p=623#comment-5084 Here's the problem and it is reflected in one industry after another. China produced 568 million tons of steel in 2009. The United States produced 58 million tons. That is the difference between a 10-story building and a 100-story building. Go from one industry to another and the data is similar: Auto Production: U.S. produced 5.7 million vehicles last year (the remainder of purchases were imports). China produced 13.8 million. Printed circuit board production in 2008 in the United States was $4 billion, down from $11 billion in 2000. China's PCB production in 2008 was $16 billion, four-times U.S. production (and that was before the disastrous 2009 fall-off in the United States. Machine tools -- U.S. 2009 production $2.3 billion; China's 2009 production $15 billion. The list goes on and on and on and on and on. Tell me, how in the world can China be producing less than the United States, unless there is a bad error in how this is measured? Have you gone to any U.S. city in the past year -- and seen a single crane on the skyline? Richard McCormack, <a rel="nofollow" href="http://www.manufacturingnews.com/">manufacturing news</a> Here’s the problem and it is reflected in one industry after another. China produced 568 million tons of steel in 2009. The United States produced 58 million tons. That is the difference between a 10-story building and a 100-story building. Go from one industry to another and the data is similar:
Auto Production: U.S. produced 5.7 million vehicles last year (the remainder of purchases were imports). China produced 13.8 million.
Printed circuit board production in 2008 in the United States was $4 billion, down from $11 billion in 2000. China’s PCB production in 2008 was $16 billion, four-times U.S. production (and that was before the disastrous 2009 fall-off in the United States.
Machine tools — U.S. 2009 production $2.3 billion; China’s 2009 production $15 billion.
The list goes on and on and on and on and on. Tell me, how in the world can China be producing less than the United States, unless there is a bad error in how this is measured? Have you gone to any U.S. city in the past year — and seen a single crane on the skyline?

Richard McCormack, manufacturing news

]]> By: Rafael G. http://investing.curiouscatblog.net/2009/10/13/data-on-the-largest-manufacturing-countries-in-2008/comment-page-1/#comment-5047 Rafael G. Tue, 04 May 2010 23:52:07 +0000 http://investing.curiouscatblog.net/?p=623#comment-5047 Stanislav, the problem is that PPP conversion values are not adequate to compare manufacturing output. The correct way would be to make PPP's using only manufacturing related prices. In this case market exchange rates are more adequate. While they fluctuate rather violently, it is the long run tendency that matters. And, in the long run tendency we have a clear picture here: Russia in relation to the US declined between 1990 and 2000, and increased between 2000 and 2008. This is pretty much consistent with other macroeconomic data. Stanislav, the problem is that PPP conversion values are not adequate to compare manufacturing output. The correct way would be to make PPP’s using only manufacturing related prices.

In this case market exchange rates are more adequate. While they fluctuate rather violently, it is the long run tendency that matters. And, in the long run tendency we have a clear picture here: Russia in relation to the US declined between 1990 and 2000, and increased between 2000 and 2008. This is pretty much consistent with other macroeconomic data.

]]> By: Stanislav http://investing.curiouscatblog.net/2009/10/13/data-on-the-largest-manufacturing-countries-in-2008/comment-page-1/#comment-5027 Stanislav Thu, 22 Apr 2010 17:08:10 +0000 http://investing.curiouscatblog.net/?p=623#comment-5027 this is pointless, as for one thing, this table does not take into account exchange rate difference. The ruble in 2008-2009 devaluated 65%, so does this mean that Russian production fell that much? It sure would look like that off of a table in USD. You should use neutral dollar or purchasing power parity, not the USD. What happens when the USD tanks? Furthermore, this table can easily hide a decline: if the USD value of US manufacturing (through inflation) grew 3% but production fell 2%, your table would still show a 1% increase. this is pointless, as for one thing, this table does not take into account exchange rate difference. The ruble in 2008-2009 devaluated 65%, so does this mean that Russian production fell that much? It sure would look like that off of a table in USD.

You should use neutral dollar or purchasing power parity, not the USD. What happens when the USD tanks?

Furthermore, this table can easily hide a decline: if the USD value of US manufacturing (through inflation) grew 3% but production fell 2%, your table would still show a 1% increase.

]]> By: FCAblog » Richard Murphy’s budget twittering http://investing.curiouscatblog.net/2009/10/13/data-on-the-largest-manufacturing-countries-in-2008/comment-page-1/#comment-4954 FCAblog » Richard Murphy’s budget twittering Wed, 24 Mar 2010 20:50:44 +0000 http://investing.curiouscatblog.net/?p=623#comment-4954 Is the UK really the world's sixth biggest manufacturing nation? Yes Is the UK really the world’s sixth biggest manufacturing nation? Yes

]]> By: USA, China and Japan Lead Manufacturing Output in 2008 at Curious Cat Investing and Economics Blog http://investing.curiouscatblog.net/2009/10/13/data-on-the-largest-manufacturing-countries-in-2008/comment-page-1/#comment-4905 USA, China and Japan Lead Manufacturing Output in 2008 at Curious Cat Investing and Economics Blog Wed, 17 Feb 2010 12:50:09 +0000 http://investing.curiouscatblog.net/?p=623#comment-4905 The first chart shows the USA’s share of the manufacturing output, of the countries that manufactured over $185 billion in 2008, at 28.1% in 1990, 32% in 2000, 28% in 2005, and 24% in 2008... The first chart shows the USA’s share of the manufacturing output, of the countries that manufactured over $185 billion in 2008, at 28.1% in 1990, 32% in 2000, 28% in 2005, and 24% in 2008…

]]> By: Curious Cat Investing and Economics Carnival #6 http://investing.curiouscatblog.net/2009/10/13/data-on-the-largest-manufacturing-countries-in-2008/comment-page-1/#comment-4839 Curious Cat Investing and Economics Carnival #6 Tue, 05 Jan 2010 01:31:34 +0000 http://investing.curiouscatblog.net/?p=623#comment-4839 Welcome to the Curious Cat Investing and Economics Carnival: we highlight recent personal finance, investing and economics blog posts we found interesting... Welcome to the Curious Cat Investing and Economics Carnival: we highlight recent personal finance, investing and economics blog posts we found interesting…

]]> By: piglet http://investing.curiouscatblog.net/2009/10/13/data-on-the-largest-manufacturing-countries-in-2008/comment-page-1/#comment-4739 piglet Thu, 29 Oct 2009 23:13:44 +0000 http://investing.curiouscatblog.net/?p=623#comment-4739 Three problems: - are these data truly adjusted for inflation? - why is there a difference to the 2007 data shown here: http://investing.curiouscatblog.net/2008/09/23/top-manufacturing-countries-in-2007/ - The link to UN you provided does not lead to any manufacturing data. What is the exact source? Finally, it would be interesting to know how much of manufacturing output is military related. That no doubt has massively increased. Three problems:
- are these data truly adjusted for inflation?
- why is there a difference to the 2007 data shown here: http://investing.curiouscatblog.net/2008/09/23/top-manufacturing-countries-in-2007/
- The link to UN you provided does not lead to any manufacturing data. What is the exact source?

Finally, it would be interesting to know how much of manufacturing output is military related. That no doubt has massively increased.

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