Việt Nam’s manufacturing sector continued to show improvement in November, with the Purchasing Managers’ Index (PMI) staying above the 50-point threshold for a second consecutive month of robust business activities.
Vietnamese manufacturers registered further expansions in output and new orders in August with the S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) at 52.4.
“The solid expansion in new orders helped lead to a return to growth of manufacturing production in Việt Nam,” S&P said in a press release on Thursday.
It was the second straight month of decline in factory activity, as output continued to shrink while new orders grew the least in the current sequence of expansion.
The Vietnam Manufacturing Purchasing Managers'' Index (PMI) ped to 51.7 in March from 54.3 in February, as the latest wave of the COVID-19 pandemic led to widespread labour shortages in the manufacturing sector during March, according to S&P Global.
The Vietnam Manufacturing Purchasing Managers'' Index (PMI) ticked up to 52.2 in November from 52.1 in October, signalling a second successive modest improvement in business conditions.
The IHS Markit Viet Nam manufacturing purchasing managers'' index (PMI) for October 2021 showed a strong rebound in the manufacturing sector, the UK-based market research firm said in a recent analysis published on ihsmarkit.com.
The Viet Nam Manufacturing Purchasing Managers'' Index (PMI) remained at 40.2 in September, signalling a further marked deterioration in business conditions across the sector due to the severe impacts of the COVID-19 pandemic.
The Vietnam Manufacturing Purchasing Managers'' Index (PMI) ticked up to 45.1 in July from 44.1 in June, signalling a marked deterioration in business conditions across the sector for the second month in a row.
The Vietnam Manufacturing Purchasing Managers'' Index (PMI) posted 51.3 in January, down from 51.7 in December to signal a softer improvement in business conditions at the start of 2021.
The Viet Nam Manufacturing Purchasing Managers'' Index (PMI) dipped fractionally below the 50.0 no-change mark to 49.9 last month, signalling broadly unchanged business conditions during the month.
The Vietnamese manufacturing sector returned to growth in June as success in suppressing the coronavirus pandemic and greater business confidence helped lead to renewed expansions in output and new orders.