Vietnam Industry

Vietnam

Vietnam: Industry broadly stable in May

May 28, 2014

In May, industrial output rose 5.9% over the same month last year, which was just below the 6.0% increase observed in April. May’s result came on the back of a slowdown in mining and quarrying as well as in electricity, gas and water, while manufacturing was stable over the previous month.

Industrial production rose 2.0% over the previous month in May, which was up from the 1.20% increase observed in April. Annual average growth in industrial production inched down from 6.5% in April to 6.4% in May.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 7.7% in 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, panelists expect that industrial production will expand 8.0%.


Author:, Senior Economist

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Vietnam Industry Chart


Vietnam Industry May 2014

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


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