Vietnam: Industrial output falls by double digits in May
Industrial production fell 15.9% year on year in May (April: -15.1% yoy). Looking at the details of the release, manufacturing production contracted at a steeper rate in May, while electricity output grew at a stronger pace. Meanwhile, mining and quarrying production fell at a milder rate.
Meanwhile, annual average industrial production growth fell to 2.9% in May (April: +6.0%), which marked an over one-year low.