Purchasing Managers’ Index hit 50.5 in August, above the no-change point for the first time in six months and demonstrating improved business conditions in the manufacturing sector.
S&P Global on October 3 released its Purchasing Managers’ Index (PMI) report for Vietnam’s manufacturing industry in September, which reached 52.5 points. There were three highlights: output continued to increase sharply; inflationary pressure eased; and inventories of purchased and finished goods rose. The report shows that Vietnam’s manufacturing industry continued to maintain its growth momentum at the end of the third quarter. New orders are increasing, supporting output, employment, and purchasing activity.
The Purchasing Managers’ Index (PMI) reached 52.7 points in August, up from 51.2 points in July and signaling a strong improvement in manufacturing. Of note is that input cost growth continued to decline sharply, which helped limit increases to output prices and thereby boosted demand.
According to a report from IHS Markit, the Purchasing Managers’ Index (PMI) of Vietnam’s manufacturing industry reached 54 points in June, slightly down from 54.7 points in May but still showing that the health of the industry has significantly improved. Business conditions have been better for the past nine months. The report notes three “increases”: employment, output, and inflationary pressure.