July industrial output up 9.6 pct y/y -govt

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.

http://www.reuters.com/article/2011/07/25/vietnam-economy-industry-idUSL3E7IP1IO20110725

 

Category: Economy