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.
Author: Dirina Mançellari, Senior Economist