The index of industrial production (IIP) in May was estimated to have increased 1.6% compared to the previous month and 11.6% over the same period last year, announced by the General Statistics Office.
In May, the processing and manufacturing industry saw an expansion of 14.6% over the same month of last year. The electricity production and distribution expanded 12% and water supply and waste treatment grew by 6.8%. Meanwhile, the mining industry saw a decrease of 9.8%.
In addition, the IIP in the first five month of this year soared 9.9% over the same period last year, with the processing and manufacturing in the lead with an increase of 12.6%.
Electricity production and distribution and water supply and waste treatment industries witnessed respective increases of 8.3% and 7.5% during this period,. The mining posted a decrease of 7% in its production index in the first five months.
