Vietnam Industry April 2017

Vietnam

Vietnam: Industrial production picks up in April

April 29, 2017

In April, industrial production rose 7.4% over the same month last year, which was up from the 5.5% rise in March. Looking at the sub-components of industrial production, manufacturing output rose a solid 11.1% in April, while mining and quarrying output still contracted, though at a softer pace than in March.

In month-on-month terms, industrial production slipped 0.8% in April (March: +12.5% mom). Meanwhile, the annual average growth of industrial production was stable at 7.4% in April.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 8.0% in 2017, which is unchanged from last month’s forecast. For 2018, panelists expect industrial production to expand 8.3%.


Author: Marlène Rump, Senior Data Analyst

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Vietnam Industry April 2017

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


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