Vietnam: Industrial production moderates in July
July 29, 2012
In July, industrial production grew 6.1% over the same month last year, which was down from the 8.0% increase recorded in June. The moderation was broad-based, as all the main sectors slowed compared to the previous month, with the only exception of electricity, gas and water. A month-on-month comparison, however, does not corroborate the moderation suggested by the annual data, as industrial production expanded a seasonally adjusted 3.2% over the previous month, which was above the 2.0% rise experienced in June.
Author: Armando Ciccarelli, Head of Data Solutions