Vietnam: Industrial production rebounds in February
February 29, 2012
In February, industrial production surged 22.1% over the same month last year, which contrasted notably the 12.9% drop recorded in January. The reading was affected by a favourable base effect due to the Lunar New Year, which was celebrated at the beginning of February last year. A month-on-month comparison corroborates the improvement suggested by the annual data, as industrial production expanded a seasonally adjusted 10.0% over the previous month, contrasting the 2.4% drop experienced in January.
Author: Armando Ciccarelli, Head of Data Solutions