Vietnam Industry November 2016

Vietnam

Vietnam: Industrial production picks up steam in November

In November, industrial production in Vietnam rose 7.4% over the same month last year, which was above the 7.0% rise recorded in October. Double-digit growth in manufacturing production offset another steep fall in mining and quarrying output.

In seasonally-adjusted terms, industrial production increased 2.0% from the previous month (October: +1.3% month-on-month). Annual average industrial production deteriorated from 7.5% in October to a two-year low of 7.4% in November.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 7.7% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect industrial production to expand 7.2%, which is down 0.1 percentage points from last month’s estimate.


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Vietnam Industry November 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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