Vietnam skyline

Vietnam PMI October 2019

Vietnam: Manufacturing PMI dips to multi-year low in October

According to data released by IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) fell to 50.0 in October from 50.5 in September. Thus, the index was in line with the 50-threshold signifying no change in conditions in October, ending a near-four-year run of expansion in the sector.

October’s fall was based on a continued slowdown in new order growth and a decline in output. Moreover, employment decreased for the second month running. Additionally, input price inflation accelerated, with output charges increasing for the first time in 11 months as a response.

October’s reading was not all doom and gloom, a point made by Andrew Harker, Associate Director at IHS Markit:

“It is important to note […] that the historical relationship between the Vietnam PMI and official data suggests that even a reading around the 50 mark translates into solid production growth in the official numbers. What we are likely seeing at present, therefore, is more of a growth slowdown than anything more concerning.”

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