Business

Vietnam’s November PMI up from last month

The Vietnam Manufacturing Purchasing Managers’ Index registered 51.0 in November, up from the neutral reading of 50.0 in October, according to the latest IHS Markit report released in early December.
Vietnam’s November PMI up from last month ảnh 1The Vietnam Manufacturing Purchasing Managers’ Index registered 51.0 in November (Photo: VNA)

Hanoi (VNA) - The Vietnam Manufacturing Purchasing Managers’ Indexregistered 51.0 in November, up from the neutral reading of 50.0 in October, accordingto the latest IHS Markit report released in early December.

The rise in PMIsignaled a marginal improvement in the health of the sector.

Vietnam’smanufacturing sector returned to growth in November, as output increased forthe first time in three months and new orders expanded at a faster pace.

Employment rose for the first timein three months amid increased new orders.

Latest datasignaled a continued lack of inflationary pressures within the sector. Inputcosts rose only marginally and at the weakest pace in the current eleven-monthsequence of inflation. This lack of pressure on input costs meant thatmanufacturers were able to offer discounts to customers. Output pricesdecreased, following a first increase in almost a year in October.

Business sentiment dipped fromOctober, but remained positive as around two-fifths of respondents predicted anincrease in output over the coming year. According to survey participants,optimism was centered on expected growth of new orders and efforts to expandcapacity./.
VNA
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