Vietnam Industry


Vietnam: Growth in industrial production decelerates in August

August 28, 2015

In August, industrial output rose 9.9% over the same month last year, which marked a deceleration compared to the 11.3% increase recorded in the previous month. August’s reading represented a three-month low. The increase was broad-based as all components of the index registered annual expansions, with the electricity gas and water component registering the strongest growth.

Industrial production in August fell 1.3% over the previous month, which contrasted the 1.1% rise seen in July. However, annual average growth in industrial production inched up from 9.7% in July to a record-breaking 10.0% in August.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 8.0% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect that industrial production will expand 7.9%.

Author:, Economist

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Vietnam Industry Chart

Vietnam Industry August 2015 1

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

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