Vietnam Industry October 2016

Vietnam

Vietnam: Industrial production grows at slowest pace in seven months in October

In October, industrial production rose 7.0% over the same month last year, which was below the 7.6% rise recorded in September and a seven-month low. Another steep fall in mining and quarrying output weighed on output despite accelerations in all other sub-categories.

In seasonally-adjusted terms, industrial production increased 1.3% from the previous month (September: 3.4% month-on-month). Annual average industrial production deteriorated from 7.6% in September to a 23-month low of 7.5% in October.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 7.6% in 2016, which is down 0.8 percentage points from last month’s forecast. For 2017, panelists expect industrial production to expand 7.7%, which is down 0.9 percentage points from last month’s estimate.


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Vietnam Industry October 2016 0

Note: Year-on-year variation of industrial production index in %.
Source: General Statistics Office of Vietnam (GSO) and FocusEconomics calculations.


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