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 S&P Global Vietnam Manufacturing Purchasing Managers'' Index (PMI) was unchanged at 50.3 in May, signalling a second consecutive marginal monthly improvement in business conditions in the sector.
“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.
The index signalled an end to the two-month period of improving business conditions at the start of 2024, but pointed to broadly unchanged operating conditions overall.
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.
Việt Nam''s manufacturing sector returned to growth in August as some signs of recovery in demand supported renewed increases in both new orders and production, according to the S&P Global Việt Nam Manufacturing Purchasing Managers'' Index™ (PMI).
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 Vietnamese manufacturing sector remained in recovery mode in February, seeing growth accelerate further and confidence maintained, according to IHS Markit.
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.
An improvement in the public health situation and subsequent easing of restrictions helped the Vietnamese manufacturing sector return to growth during October.
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.