Vietnam’s index of industrial production (IIP) grew an estimated 9.6 percent in July from the same month last year, the government said on Monday, slowing from annual growth of 12.7 percent last month.
The general Statistical Office estimated that the index for the first seven months of the year rose 8.8 percent from the corresponding period last year, also slowing from an annual pace of 9.7 percent in the first half of 2011.
In June the GSO started using the IIP in place of a previous industrial output index that used 1994 prices as a base. It gave no value for industrial output this month or in the January-July period.
July’s IIP rose 6.1 percent from June, the GSO said, accelerating from a monthly rise of 4.6 percent between May and June this year.
VIETNAM’S INDEX OF INDUSTRIAL PRODUCTION
(percentage change from a year earlier) July 11 Jan-July 11 June 11 Jan-June 11 Overall 9.6 8.8 12.7 9.7 Mining industry 0.4 1.7 4.3 2.8 Processing industry 14.0 11.9 16.3 12.7 *Utilities 7.9 10.0 14.3 10.3 *Utilities refers to the production and distribution of electricity, gas and water.