Vietnam Industry


Vietnam: Industrial production slows in August

August 28, 2013

In August, industrial output expanded 4.4% over the same month last year, which came below the 7.0% increase observed in July. The deceleration was driven by a sharp contraction in mining and quarrying, which partially offset healthy growth in the manufacturing sector.

Industrial production added 2.1% over the previous month, which was below the 3.4% increase recorded in July. Annual average growth in industrial production remained unchanged at July's 6.3%.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 5.6% this year, which is unchanged from last month's forecast. For 2014, panellists expect industrial production to expand 6.9%.


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Vietnam Industry Chart

Vietnam Industry August 2013

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

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