A strong breakthrough in manufacturing and mining confirmed a comprehensive economic recovery and positive macroeconomic signals.
Data from the National Statistics Office shows August’s Index of Industrial Production (IIP) rose an estimated 1.5 percent month-on-month and 14.4 percent year-on-year.
Manufacturing and processing continued to serve as the core driver of overall industrial expansion, rising 12.5 percent year-on-year, compared to a 10 percent growth rate in the same period of 2025, and contributing 9.6 percentage points to the overall growth.
The mining sector staged a strong turnaround, growing 8.1 percent compared to a 2.1 percent contraction in the first eight months of 2025, contributing 1.3 percentage points.
Electricity generation and distribution expanded 10.1 percent, up from 5.0 percent in the same period of 2025, contributing 0.9 percentage points. Meanwhile, water supply and waste management rose 9.4 percent compared to 8.8 percent in 2025, adding 0.1 percentage points.
Sub-sector analysis reveals impressive performance across key level-II industrial categories during the eight-month period. Basic metal manufacturing jumped 22.4 percent, beverage manufacturing grew 16.4 percent, motor vehicle production rose 15.9 percent, and electrical equipment manufacturing increased 14.6 percent.
Other major manufacturing segments also maintained strong momentum. Electronics, computer, and optical product manufacturing grew 13.9 percent; furniture manufacturing increased 12.7 percent; and non-metallic mineral product manufacturing rose 12.6 percent.
In addition, rubber and plastics manufacturing grew 12.3 percent, wood and bamboo product manufacturing (excluding furniture) rose 12.2 percent, chemical product manufacturing as well as crude oil and natural gas extraction both increased 11.9 percent, and food processing expanded 11.6 percent.
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