Industrial production index down 0.78% in third quarter

The national index of industrial production fell 0.78% in the third quarter from the same period last year, causing a year-on-year decrease of 0.74% in the first nine months of this year, the General Statistics Office (GSO) reported on September 24.

 

The situation is attributed to the reduction in the prices of minerals (1.41%) and processing-manufacturing products (0.37%), according to General Director of the Department of Price Statistics Vu Thi Thu Thuy.

 

Photo for Illustration (Pho to: Thai Thien)

 

Six out of 10 processing-manufacturing product groups saw production index decreases in the quarter, including electronics (1.81%), metals (1.37%), chemicals (1.03%), processed foodstuff (1.01%), beverages (0.87%) and textiles (0.27%).

 

The GSO said the drop in the prices of metal ore products and coal in the period contributed to the falling production index of mining products.

 

However, the production indexes of electricity and power supply as well as clean water, waste water and waste-water treatment in the reviewed quarter increased 1.94% and 0.46%, respectively.