Industrial production in February 2022 is estimated to decrease by 12.4% compared to the previous month because the Lunar New Year holiday is mostly concentrated in February. However, compared to the same period last year, industrial production in February 2022 continued to prosper with an increase of 8.5%; In general, in the first 2 months of 2022, the industrial production index increased by 5.4% compared to the first 2 months of 2021.
The index of industrial production (IIP) of 02/2022 was estimated to decrease by 12.4% over the previous last month and increased by 8.5% over the same period last year. Of which, compared to the same period last year, the mining and quarrying declined by 4.1%; the manufaturing rose by 10%; electricity production and distribution went up by 8%; water supply, waste and wastewater management, and treatment peaked up 0.8%.
Overall, in the first 2 months of 2021, the IIP was estimated to increase by 5.4% over the same period last year (the same period in 2021 was 6.8%). Of which, the manufacturing rose by 6.1% (the same period last year up 9.4%), contributing 5.2 percentage points to the general growth; electricity production and distribution went up by 6.5%, contributing 0.6 percentage points; water supply, waste and wastewater management, and treatment peaked up by 2.5%, contributing 0.04 percentage points; the mining industry alone shrank by 2.8%, down by 0.44 percentage points in the general growth rate.