Vietnam: Industrial output growth improves in November
Latest reading: Industrial output expanded 8.9% in year-on-year terms in November, which was above October’s 7.0% increase. Looking at the details of the release, manufacturing output gained traction, and mining and quarrying production fell at a milder rate, pointing to fading negative effects of the Yagi Typhoon. That said, electricity output decelerated.
Meanwhile, the trend improved modestly, with the annual average growth of industrial production coming in at 7.9%, up from October’s 7.7% reading.