Vietnam Industry December 2018

Vietnam

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%.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 9.4% in 2019, which is up 0.4 percentage points from last month’s forecast. For 2020, panelists expect industrial production to expand 8.3%.


Author:, Economist

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Vietnam Industry December 2018

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


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