Index of industrial production increases by 13.11% in May 2024
(BNP) - In May 2024, industrial production was the bright spot of the economy when the index of industrial production (IIP) increased high (+13.11%) compared to the previous month, and increased very high (+ 27.11%) compared to the same month last year.
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Overall for 5 months, IIP of the entire industry for the first time in the year achieved positive growth (+0.16%) over the same period. In particular, in terms of level 1 industries, the manufacturing and processing industry increased slightly (+0.05%); the production and distribution of electricity, gas, hot water, steam and air conditioning increased by 11.08% and the water supply, waste and wastewater management and treatment activities increased by 21.32%. In terms of secondary industries, 16 industries having IIP index increased, of which some industries with high increases are: Manufacturing of tobacco products; drainage and wastewater treatment; production of beds, wardrobes, tables and chairs.