Vietnam: Industrial output expands at a softer pace in March
March 28, 2016
In March, industrial output rose 6.2% over the same month last year, which marked a deceleration over the 7.9% rise recorded in February. The deceleration came on the back of softer expansions in three of the four components of the index as well as a drop in mining and quarrying.
Industrial production in March rose a notable 23.8% over the previous month, which contrasted with the 22.3% contraction tallied in February. March’s print marked the largest reading in one year. Meanwhile, annual average growth in industrial production dropped from 9.1% in February to 8.8% in March.