Vietnam: Manufacturing PMI eases slightly in October
November 1, 2016
The Nikkei manufacturing Purchasing Managers’ Index (PMI) decreased from September’s 52.9 points to 51.7 points in October and reached a seven-month low. Nonetheless, the Vietnamese indicator remained above the 50-threshold that separates expansion from contraction in business conditions, where it has stayed almost uninterruptedly for the last three years.
October’s result reflects a marginal drop in output while new orders accelerated and stocks of purchases as well as backlogs of work increased, reflecting anticipated higher demand. Moreover, staff levels increased for the seventh consecutive month in October. Regarding price developments, input costs were broadly stable and the prices charged by firms increased timidly.