Industrial production posts largest monthly increase in November

Industrial output in November rose 5.3% over October, the largest one-month rise since the start of 2014, the Ministry of Industry and Trade (MOIT) has announced.

Photo: Huu Chi

The MOIT said industrial production throughout January - November went up by 7.5% compared with the 5.8% rise recorded over the same period of 2013.

Manufacturing rose 8.6% while electricity and waste treatment increased by 11.7% and 6.4% respectively.

According to the MOIT, sales of manufactured products in October rose 4% from the previous month and 15% over the same month in 2013, with communications devices posting the largest rise of more than 46%.

As of November 1, the inventory index of the manufacturing sector declined by a slight 0.3% compared with October.

However the inventory level of some products remained high such as sugar, up 92% and garments, up 28%.

(Source: nhandan.org.vn)