Vietnam's industrial output and exports rose in February from a year earlier, partly helped by higher footwear sales, in a possible sign of recovering global demand for goods produced in the Southeast Asian industrial powerhouse.
But indicating the caution among factory managers amid an uncertain global outlook, production of smartphones and cellphone parts, of which Vietnam is one of the world's biggest producers, fell despite a rise in exports.
The country's statistics agency said on Tuesday that Vietnam's exports rose 11% in February from a year earlier and industrial output increased 3.6% in the same month. The rise in output in February follows an 8% year-on-year drop in production in January, when activity typically slows for the week-long celebrations for the Lunar New Year.
In the first two months of the year, industrial production was down 6.3% compared to the same period last year.
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