Industrial production up, inventory down

Industrial Production Index (IPI) growth rate in the first five months this year was higher than the same period last year while inventory level was lower showing positive signs of production development, reported the Ministry of Industry and Trade.

A plastic company (Photo: SGGP)

In May, IPI increased 7.5 percent over the same period last year, taking the index to 9.2 percent in the first five months, much higher than 5.6 percent a year ago.

Most industries have seen higher year on year growth rates. For instance, mining grew 6.3 percent, processing and manufacturing of 9.9 percent, and electricity and distribution at 10.9 percent.

Inventory level in the processing and manufacturing industry posted a year on year increase of 11.5 percent on May 1, lower compared to 12.6 percent a year ago.

By Quang Minh – Translated by Hai Mien

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