Vietnam: Industrial production accelerates to one-year high in December
December 28, 2016
In December, industrial production rose 8.3% over the same month last year, which was above the 7.4% rise recorded in November and the best result since December 2015. Double-digit growth in manufacturing production and electricity, gas and water output offset a contraction in mining and quarrying, which dropped at a more moderate pace than that seen in November.
In seasonally-adjusted terms, industrial production increased 4.7% from the previous month in December (November: +2.0% month-on-month), a 9-month record. Nonetheless, annual average industrial production deteriorated from 7.4% in November to an over two-year low of 7.3% in December.