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 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 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.
According to the latest survey released by Nikkei and IHS Markit on Tuesday, the reading was down from 51.4 in August, down for the second month in a row.
Viet Nam Manufacturing Purchasing Managers’ Index posted 52.0 in May, down marginally from 52.5 in April but still representing an improvement in business conditions in the Vietnamese manufacturing sector.
Viet Nam’s Manufacturing Purchasing Managers’ Index (PMI) ped to 51.5 in September from 53.7 in August, but business confidence rebounded from August’s low, according to a Nikkei report released on Monday.
The Viet Nam Manufacturing Purchasing Managers’ Index rose by 1.2 points to 53.9 in May, signalling continued improvement in the country’s business conditions.