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Industrial production in April 2026 is estimated to rise 3.0% from the previous month and 9.9% year on year. Growth was broad-based across major segments, with processing and manufacturing up 10.0% year on year, mining up 7.6%, water supply, management and treatment of waste and wastewater up 7.1%, and electricity production and distribution up 10.9%.
In the first four months of 2026, the Industrial Production Index (IIP) is estimated to increase 9.2% year on year (4M2025: +8.6%). Processing and manufacturing rose 9.9% (4M2025: +10.6%) and contributed 7.8 percentage points to the overall increase. Electricity production and distribution grew 7.5% (4M2025: +4.5%), contributing 0.7 percentage point. Mining increased 4.0% (4M2025: -4.6%), contributing 0.6 percentage point, while water supply, management and treatment of waste and wastewater rose 7.4% (4M2025: +9.7%), contributing 0.1 percentage point.
The report highlights notable year-on-year growth in several II production groups in 4M2026, including:
Some sectors showed slower growth or declines, including leather production and related products (+4.4%), hard coal extraction (-5.3%), and other transport equipment (-0.9%).
Production output rose in all 34 localities nationwide. Several localities recorded strong gains driven by processing and manufacturing, and electricity production and distribution.
At the product level in 4M2026, major industrial products with higher year-on-year increases included motorcycles (+33.3%), processed seafood (+22.5%), automobiles (+22.4%), rolled steel (+17.0%), steel bars and angles (+15.8%), beer (+15.5%), and paints (+14.7%).
On the downside, some products declined from a year earlier: coal (coking coal) (-5.4%), monosodium glutamate (-4.4%), televisions (-4.3%), leather shoes (-4.1%), and urea fertilizer (-1.1%).
As of 01/04/2026, the number of people employed in industrial enterprises rose 1.1% from the previous month and 3.6% year on year. Employed workers in the State sector increased 0.2% versus the previous month and rose year on year; the private sector rose 1.1% versus the previous month but fell 0.1% year on year. Foreign-invested enterprises increased 1.2% versus the previous month and rose 5.1% year on year.
By activity, employment in mining declined 0.1% and rose 0.4% year on year. Processing and manufacturing increased 1.2% versus the previous month and 3.8% year on year. Electricity, gas, hot water, steam and air conditioning rose 0.1% versus the previous month and 2.2% year on year, while water supply and wastewater management increased 0.2% versus the previous month and 3.9% year on year.
Industrial production in Q1 2026 rose 9%, the highest in seven years.
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