Vietnam: Industrial output growth moderates in December
Latest reading: Industrial output growth decelerated to 8.8% year on year in December (November: +8.9% yoy). December’s lower figure was chiefly driven by a deterioration in manufacturing production growth. In contrast, electricity production picked up pace, and mining output contracted at a milder pace.
Meanwhile, the trend improved modestly, with the annual average growth of industrial production coming in at 8.2%, up from November’s 7.9% reading.