Vietnam Industry

Vietnam

Vietnam: Growth in industrial production decelerates in February

February 3, 2015

In February, industrial output rose 7.0% over the same month last year, which was a slowdown over the 17.5% increase recorded in the previous month. February’s deceleration was broad-based. Manufacturing as well as electricity, gas and water registered the fastest decreases over the previous month.

Industrial production in February fell 19.2% over the previous month, which was a deterioration over the 2.8% drop seen in January. Annual average growth in industrial production fell from 8.8% in January to 8.1% in February. The month-on-month variation was affected by a base effect due to the Lunar New Year, which was celebrated in February this year.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 7.3% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect that industrial production will expand 9.3%.


Author:, Senior Economist

Sample Report

Looking for forecasts related to Industry in Vietnam? Download a sample report now.

Download

Vietnam Industry Chart


Vietnam Industry February 2015

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


Vietnam Economic News

More news

Search form