Vietnam: Industrial output growth deteriorates in August
Industrial production rose 2.6% year on year in August (July: +3.7% yoy). In August, growth in industrial output was driven by manufacturing, electricity and gas, and water supply. In contrast, mining and quarrying output contracted sharply.
Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 2.4% in August, down from July’s 3.4% reading.