Vietnam: Growth in industrial production picks up steam in September
September 29, 2016
In September, industrial output rose 7.6% over the same month last year, which was above the 7.3% rise recorded in August. The acceleration came on the back of a larger increase in manufacturing output, which more than offset a sharp contraction in the mining and quarrying sector.
In seasonally-adjusted terms, industrial production increased a healthy 3.4% over the previous month (August: 0.8% month-on-month), which was the strongest expansion seen in six months. Annual average industrial production, in turn, deteriorated from 7.9% in August to a 21-month low of 7.6% in September.