Hanoi’s industrial production up 8.2pct in Jan-Nov

30-Nov-2019 Intellasia | HanoiTimes | 6:02 AM Print This Post

For the eleven-month period, the mining industry growth declined by 21.9 percent year-on-year while manufacturing and processing was up 8.3%.

Hanoi`s Index of Industrial Production (IIP) in November expanded 0.7 percent month-on-month and 9.8 percent year-on-year, leading to an increase of 8.2 percent year-on-year for the January-November period, according to the Hanoi Statistics Office.

In November, the mining industry’s output saw decreases of 12.1 percent month-on-month and 24 percent year-on-year, while the manufacturing and processing industry tacked on 1 percent and 9.9%, respectively.

Production and distribution of electricity and hot water was down 3.2 percent month-on-month but up 10.5 percent year-on-year, while water supply, sewage treatment and water collection rose 10.1 percent inter-annually.

For the eleven-month period, the mining industry growth declined by 21.9 percent year-on-year while manufacturing and processing was up 8.3%, production and distribution of electricity and hot water up 9.2%, and water supply, sewage treatment and water collection up 8%.

Some of the industrial subsectors that registered remarkable growth during the January-November period were food processing with an increase of 126.2 percent year-on-year, wood and bamboo processing with 114.8%, electronic products, computers, and optical devices with 145.8%.

Surge in pork prices leads to higher CPI

Hanoi’s consumer price index (CPI) expanded 0.75 percent month-on-month, resulting in an increase of 4 percent against last December and 3.68 percent year-on-year.

As a result, the average CPI of the first 11 months in 2019 grew 3.64 percent year-on-year.

The statistics revealed eight out of 11 commodity groups, which are components of the basket for CPI calculation, witnessed monthly increases in prices, with food and catering services posting the highest increase of 2.34%, mainly due to a surge in pork prices by 17.07 percent month-on-month from the impact of the African swine fever.

Total retail sales of consumer goods and services inHanoi in November is estimated at VND256.7 trillion (US$11.06 billion), up 2.5 percent month-on-month and 9.7 percent year-on-year. This resulted in a total of VND2,544.3 trillion (US$109.65 billion) betweeen January and November, up 10.6 percent year-on-year.

http://hanoitimes.vn/hanois-industrial-production-up-82-in-jan-nov-300312.html

 


Category: Economy, Vietnam

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