Industry: Positive outlook, but challenges remain.
The manufacturing industry's inventory index in July decreased by 0.9 percentage points compared to June, and coupled with an improvement in domestic consumption, this indicates positive signs for industrial production.
Illustrative image
Data from the Ministry of Industry and Trade shows that the inventory index of the manufacturing industry continues to decrease. As of July 1, 2013, the inventory index had decreased by 0.9 percentage points compared to the same period in June. Inventory decreases were particularly significant for items such as woven fabrics, footwear, cement, and automobiles. Notably, some items saw sharp declines, such as electronic components (down 75.2%) and communication equipment (down 76.9%).
However, some manufacturing sectors still have high inventory levels compared to the same period last year, such as: sugar, beer, corrugated paper, corrugated cardboard, paper packaging, fertilizers and nitrogen compounds... The items with the highest inventory increases are batteries and accumulators (up 37.7%); electrical cables and electronic wires (up 47.7%); motorcycles and scooters (up 30.0%)...
According to the Ministry of Industry and Trade's assessment, the domestic market for goods has improved. The consumption index for the entire manufacturing industry in June increased by 13.3% compared to May and by 14.1% compared to the same period last year. Industries with high year-on-year consumption index increases include: yarn (up 14.0%); woven fabrics (up 19.7%); ready-made garments (excluding clothing) (up 83.9%); garment manufacturing (excluding fur clothing) (up 13.4%); footwear (up 27.6%); fertilizers and nitrogen compounds (up 19.2%); motor vehicles (up 71.0%)...
| In July, the overall industrial production index (based on 2010 figures) is estimated to have increased by 7.0% compared to July 2012, including: mining industry increased by 6.8%; manufacturing industry increased by 6.8%; electricity production and distribution increased by 9.2%... |
In reality, alongside industries with high consumption indices, there are still some industries with declining consumption indices such as: sugar (down 35.0%); concrete and other products from cement and gypsum (down 2.0%); consumer electronics (down 15.2%)... Inventory indices of some items also increased significantly, such as: sugar (up 49.6%); beer (up 33.3%); corrugated paper, corrugated cardboard, and packaging made from paper and cardboard (up 27.3%)...
Although the monthly industrial production index continues to increase, overall, the national industrial production index is still showing slow progress, indicating that businesses are still facing many difficulties in their production and operations, and social purchasing power remains low.
According to baocongthuong - PH
