Vietnam: Industrial production surges in December
December 28, 2018
Industrial production grew 11.4% over the same month a year prior in December, gaining steam from the 9.6% increase recorded in November.
The acceleration came on the back of stronger production in the manufacturing sector and faster growth in the electricity and gas supply; and water supply, sewerage, waste management and remediation activities sectors. On the downside, mining and quarrying output fell in December.
In month-on-month terms, industrial production growth eased to 1.4% in December from 2.9% in November. Annual average growth in industrial output meanwhile was stable at November’s 11.1%.
Author: Lindsey Ice, Economist