Industrial production index picks up in five-month period
VOV.VN - The industrial production index (IPI) during the opening five months of the year edged up 8.3% against the same period last year, with the processing and manufacturing sector continuing to be the main driver behind the industrial sector’s growth.
According to figures released by the General Statistics Office (GSO), industrial production index bounced back, rising by 4% over the previous month and increasing 10.4% against the same period from last year due to COVID-19 containment efforts.
Furthermore, local businesses have adapted to the new context and continue to strive to overcome difficulties in order to expand production activities.
Throughout the reviewed period, many industries also enjoyed a surge in IPI, such as the processing and manufacturing industry which rose by 9.2%, electricity generation and distribution (up 5.5%), and water supply, waste, and wastewater treatment and management (up 2.5%).
Other key industries that recorded high increases include clothing, up 22%, electrical equipment, up 20.4%, drugs and pharmaceutical chemicals, up 16.8%, coal and mining, up 13.5%, along with electronic products, computers and optical products, up 11.6%.
In contrast, several industries endured a decline in industrial production, such as rubber and plastic products, down 13.8%, repair, maintenance and installation of machinery and equipment, down 9.8%, drainage and wastewater treatment, down 3%, production of coke, refined petroleum products, down 2.6%, and crude oil and natural gas exploitation, down 1.7%.
The GSO’s report highlights that the number of employees working in industrial enterprises as of May 1 expanded by 1.4% on-month and 4.4% on-year.
Labourers working in state-owned enterprises and non-state firms increased by 0.1% and 1.1% respectively, while those in foreign-invested businesses inched up 1.8%.
