Vietnam skyline

Vietnam PMI January 2020

Vietnam: Manufacturing PMI declines further in January but remains in expansionary territory

According to data released by IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) registered 50.6 in January, down from 50.8 in December. However, the index remained above the 50-threshold that signifies improving operating conditions in the manufacturing sector.

January’s dip came on the back of a slower rise in employment, while output declined. However, new orders continued to rise, while new exports returned to growth. On the price front, input cost inflation rose, feeding through to higher output prices.

Commenting on January’s reading was Andrew Harker, associate director at IHS Markit:

” […] firms appear to be taking a step back from raising production at present, preferring to utilise inventories to help meet customer orders. This will likely change soon, however, should the upward trajectory of new business continue. The Vietnamese manufacturing sector looks set to be a star performer again in 2020, helping to support impressive growth in the wider economy”.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest