Vietnam: Industrial output decelerates in July
Latest reading: Industrial output decelerated to 8.5% on an annual basis in July from June’s 10.8% increase, marking the worst reading since January. Looking at the details of the release, manufacturing output growth lost traction, and mining and quarrying production lost some steam. In contrast, electricity output picked up pace.
Meanwhile, annual average industrial production growth fell to 9.1% in July (June: +9.3%). This signals a worsening trend in the industrial sector.
Panelist insight: Commenting on the outlook, Emerging Market Watch analysts, stated:
“Looking ahead, industrial production is expected to maintain its growth momentum, supported by accommodative fiscal and monetary policies. Government support is likely to help cushion the sector against external challenges.”