Thisrepresented an improvement over the first quarter, but still draggedbehind last year’s growth, according to the General Statistics Office.
Still,the office’s economic specialist Vu Quang Ha said that the move showedindustrial production was rallying after its recent slump.
Manufacturingand processing which accounted for over 70 percent of all industrialproduction expanded 5.5 percent in the first five months. But last year,they grew 6.3 percent.
Some products in these areas sawsignificant growth, such as cited metals (up 15.3 percent), leather (up14.7 percent, paper and paper products (up 12.7 percent) and beverages(up 11.8 percent).
But several major products did not grow andsome even declined. Textile fabric rose only 5.5 percent, crude oilincreased a scant 3.3 percent and raw iron and steel were down 7percent.
The consumption index increased 5.7 percent year on-yearas of May, while the inventory index, though gradually declining,remained high at 12.3 percent.
The invention index went upsignificantly for many major products, such as computers and electronicsand optical goods (up 46.8 percent), electric devices (up 26.3 percent)and furniture (up 32.2 percent).
According to statistics officeexperts, the index was not showing signs do easing, with inventories ofproduced goods a 74 percent in April and nearly 77 percent in the firstfour months. The secure level is regarded as 65 percent.-VNA
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