The Index of Industrial Production (IIP) for the second quarter of 2025 is estimated to have increased by 10.3% compared to the same period last year, with the processing and manufacturing industry growing by 12.3%, the National Satistics Office announced on July 5.

For the first six months of 2025, the IIP is estimated to have increased by 9.2% year-on-year, a rise from the 8.0% growth seen in the same period of 2024. Within this total, the processing and manufacturing sector expanded by 11.1% (compared to 8.9% in the first half of 2024), contributing 9.1 percentage points to the overall increase.

The electricity production and distribution sector grew by 4.5%, contributing 0.4 percentage points, while the water supply and waste management sector rose by 11.3%, adding 0.2 percentage points. In contrast, the mining sector contracted by 3.0%, which reduced the overall growth by 0.5 percentage points.

The National Statistics Office’s report also highlighted that in the first half of 2025, the production index for a number of key industries saw significant year-on-year growth. These included motor vehicle manufacturing (up 31.5%), leather and related products (up 17.1%), rubber and plastic products (up 17.0%), apparel manufacturing (up 15.1%), and the manufacturing of other transport equipment (up 14.1%).

Other strong performers were the manufacturing of other non-metallic mineral products (up 13.7%), fabricated metal products (up 11.8%), furniture (up 11.7%), basic metals (up 11.0%), food processing (up 10.8%), and the manufacturing of electronics, computers, and optical products (up 9.8%).