Vietnam: Manufacturing PMI hits four-year high in April
May 5, 2015
The HSBC manufacturing Purchasing Managers’ Index (PMI) increased from 50.7 in March to 53.5 in April, which marked the highest print in four years. As a result, the index is now further above the 50-threshold, which separates expansion from contraction in business conditions.
The monthly figure came on the back of a sharp increase in both production and new orders. HSBC added that, “(c)entral to the improvement was success for firms in securing new clients, helped by a continued lack of inflationary pressure.”
Author: Robert Hill, Economist