Business

Industrial production index rises 5.7 percent in five months

The index of industrial production index (IIP) in the first five months of this year posted a year-on-year increase of 5.7 percent, according to the General Statistics Office (GSO).
Industrial production index rises 5.7 percent in five months ảnh 1Industrial production index rises 5.7 percent in five months (Source: VNA)
Hanoi (VNA) – The index of industrialproduction index (IIP) in the first five months of this year posted ayear-on-year increase of 5.7 percent, according to the General StatisticsOffice (GSO).

In May alone, the index grew 7.2 percent againstthe same period last year.
 
In January-May, the power production anddistribution, processing and manufacturing industry, and water supply and wasteand wastewater treatment, respectively soared 10.4 percent, 9.7 percent and 7percent. Meanwhile, the mining industry dropped by 5.5 percent. Mining dropped 9.1 percent.

A number of key industrial products that recorded high growth comparedto the same period last year included television sets (42.8 percent), raw steeland iron (29.6 percent), and urea (18.5 percent).

Some products seeing moderate rises were automobile (2.4 percent), fossil coal(1.1 percent), cigarette (0.9 percent), and refined sugar (0.7 percent). Meanwhile,mobile phones, LPG products, footwear, natural gas and crude oil saw declinesbetween 0.6 percent and 13.6 percent.

Hai Phong took the lead among localities enjoying high IIP in five months with20.5 percent. It was followed by Thai Nguyen, 17 percent, and Da Nang, 10.8percent.


As of May 1, inventory index of the processingand manufacturing sector expanded by 11 percent compared to the same periodlast year, the office revealed.

The low inventory index was seen in paper and leather sectors, vehicle production,and cigarette production.

However, the index escalated 82.4 percent in metalproduction, motored vehicles, 69.8 percent; electronic products, computers andoptical products, 50.1 percent, while electricity device and products fromnonmetallic minerals, and beverage increase between26.2 percent and 40.6 percent, reported the office.-VNA 
VNA
# index of industrial production index (IIP) #Vietnam #General Statistics Office #power production #processing and manufacturing industry #inventory index #electronic products #optical products
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