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Vietnam: Industrial output records lowest expansion since January in July
Latest reading: Industrial output decelerated to 8.5% on an annual basis in July from June’s 10.8% increase, marking the worst reading since January. Looking at the details of the release, manufacturing output growth lost traction, and mining and quarrying production lost some steam. In contrast, electricity output picked up pace.
Meanwhile, annual average industrial production growth fell to 9.1% in July (June: +9.3%). This signals a worsening trend in the industrial sector.
