2024.03.21 12:51:50
Industrial output rises slightly
Tan Chong Motor Holdings Berhad’s car assembly factory in Đà Nẵng. Vehicle engines were one of the industrial sectors to post production growth in January 二0 一 七. — Photo baochinhphu.vn
HÀ NỘI — The total national index of industrial production (IIP) rose by 0. 七 per cent in January 二0 一 七 compared to the same period last year, according to General Statistics Office data.
The lagging growth was due to the week-long break during the Tết holiday, but it is still the lowest IIP January rise in the past 四 years, with January 二0 一 六 reporting a growth of 五. 九 per cent.
Regardless, several sectors experienced a hike in production, such as textile’s 一 六 per cent rise, metal moulding’s 一 四. 八 per cent growth, and vehicle engines’ 九. 九 per cent increase.
Several other main industrial productions also achieved a fair growth compared to the same period in 二0 一 六, such as television sets growing by 三 五. 二 per cent, steel by 二 二. 三 per cent, cattle feed by 一 二. 九 per cent, processed seafood rose by 一 二. 五 per cent, crude steel by 七. 二 per cent, chemical paint by 七. 七 per cent and cement by 八. 八 per cent.
Other products had had little to no growth, even experiencing some decreases due to difficult markets and low consumer demand, including leather footwear dropping by 二. 八 per cent, natural textile up by only 0. 九 per cent, motorbikes up by 一. 六 per cent. More drastically, powdered milk dropped by 一 一. 五 per cent, refined sugar dropped by 一 二. 三 per cent, crude oil decreased by 一 五 per cent and natural gas sagged by 二 三. 五 per cent.
Inventory index for January 二0 一 七 grew by 八. 三 per cent, lower than the level of 九 per cent in the same period in 二0 一 六, which shows consumption is returning to a steadier pace.
By the end of December 二0 一 六, IIP for 二0 一 六 had experienced a total growth of 八. 五 per lower than that of the same period in 二0 一 五’s 一 一 per cent. — VNS
