It is anticipated that the index of industrial production (IIP) in November will witness an increase of 0.5% from the previous month, with 9.2% growth in comparison to the same period from last year, according to the General Statistics Office (GSO).

Most notably, the country’s success in containing the novel coronavirus (COVID-19) epidemic has provided fresh impetus to the recovery of several economic sectors. This can be seen with the processing and manufacturing sectors witnessing a surge of 11.9% against the same period from last year.

The mining industry endured a decline of 6.2% while the power generation and distribution saw a rise of 4%. In addition, the water supply, wastewater management, and treatment sectors jumped by 5.3%.

The mining industry suffered a fall of 6.2%, while the power generation and distribution and the water supply, wastewater management, and treatment sectors saw a rise of 4% and 5.3%, respectively.

Furthermore, the processing and manufacturing industries saw robust growth during November as a result of the recovery of fields such as mining, petroleum, medicine and pharmaceutical chemistry, electronic and computer products, optical products, and electrical equipment.

Throughout the 11-month period, the IIP is predicted to record an increase of 3.1% from the same period last year. Of the figure, the manufacturing and processing industries posted an increase of 4.7%, thereby contributing 3.8% to general growth, while the power generation and distribution sector also enjoyed a boost of 3.2%, therefore contributing 0.3 percentage points.