March IIP posts slight increase

11:04, 01/04/2020

(ĐN) - Dong Nai's industrial production index (IIP) in March estimated to increase by 2.85 percent from the previous month and 6.61 percent from the same period last year.

 

(ĐN) - Dong Nai’s industrial production index (IIP) in March estimated to increase by 2.85 percent from the previous month and 6.61 percent from the same period last year.

The industrial production index for the January-March period expanded by only 6.1 percent due to the impact of COVID-19 outbreak, lower than 7.6 percent recorded in the same period last year.

Industries with high growth rates were processing sector (over 7 percent), paper production (9.8 percent), leather and related products (20 percent).

In contrast, metal production reported a year-on-year decline of 14 percent. Meanwhile, the production of beverage and electronic equipment dropped 8.7 percent and 6.6 percent, respectively.

The province is now facing a shortage of materials, which are mainly imported from China.

Reported by H.G