Vietnam: Growth in industrial production decelerates in May
May 28, 2015
In May, industrial output rose 7.5% over the same month last year, which marked a deceleration compared to the 9.4% increase recorded in the previous month. April’s reading represented a three-month low. Mining and quarrying, manufacturing, as well as electricity, gas and water decelerated from the previous month, while growth in water supply and waste management increased.
Industrial production in May increased 2.1% over the previous month, which was significantly below the 9.5% rise seen in April. Annual average growth in industrial production inched up from 8.8% in April to 8.9% in May.
Author: Robert Hill, Economist