Industrial production in 10 months increased by 0.5% over the same period last year

The index of industrial production (IIP) increased in 49 localities and decreased in 14 localities nationwide.

The General Statistics Office has just announced that the index of industrial production (IIP) for the whole industry in October 2023 is estimated to increase by 5.5% over the previous month and increase by 4.1% over the same period last year.

In the first 10 months of 2023, IIP is estimated to increase by 0.5% over the same period last year (increased by 8.9% in the same period in 2022). Of which, the processing and manufacturing industry increased by 0.5% (increased by 9.5% in the same period in 2022), contributing 0.7 percentage points to the overall increase; the electricity production and distribution industry increased by 2.6%, contributing 0.2 percentage points; the water supply, waste and wastewater management and treatment industry increased by 5%, contributing 0.1 percentage points; the mining industry decreased by 3.2%, decreasing by 0.5 percentage points.

The industrial production index in the first 10 months of 2023 compared to the same period last year increased in 49 localities and decreased in 14 localities nationwide.

The number of employees working in industrial enterprises as of October 1, 2023 increased by 1% compared to the same period last month and decreased by 1.4% compared to the same period last year.

According to the National Statistics Office, in the first 10 months of 2023, the whole country had 183,600 newly registered and resuming businesses, up 2.9% over the same period last year. On average, nearly 18,400 businesses were newly established and resuming operations per month.

The number of enterprises withdrawing from the market was 146,600, an increase of 20% over the same period last year; on average, 14,700 enterprises withdrew from the market per month.

Source: https://baodienbienphu.com.vn/tin-tuc/kinh-te/210096/san-xuat-cong-nghiep-10-thang-tang-05-so-voi-cung-ky-nam-truoc