10-month industrial production index up 7.6%

Hai Duong province’s index of industrial production in the first 10 months of 2023 increased by 7.6% over the same period last year, according to the provincial Statistics Office.

In October alone, the index fell by 0.3% month on month but rose by 7.3% year on year.

Some sectors with large proportions recorded high indexes that greatly affected the overall index of the industry.

For example, motor vehicle production posted an increase of 21.8%; electricity production and distribution, 17%; food production and processing, 9.7%; and electronic product manufacturing, 3.6%.

Several other sectors saw negative growth due to the effects of inflation and economic recession.

NM