Vietnam PMI


Vietnam: Manufacturing PMI hits record high in May

June 1, 2015

The HSBC manufacturing Purchasing Managers’ Index (PMI) increased from 53.5 in April to 54.8 in May, marking the highest print on record. 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 an increase in client demand, translating into higher output growth and new orders. HSBC added that, “central to the recent success of firms in Vietnam has been their ability to secure new work in a competitive environment, and the recent 1% devaluation of the dong against the US dollar by the State Bank of Vietnam should help efforts to maintain international competitiveness.”

FocusEconomics Consensus Forecast panelists see investment rising 8.9% in 2015, which is up 0.8 percentage points from the previous month’s estimate. For 2016, the panel expects investment to grow 8.7%.

Author:, Economist

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Vietnam PMI Chart

Vietnam PMI May 2015

Note: HSBC Purchasing Managers’ Index. Readings above 50 indicate an expansion in the manufacturing sector while readings below 50 point to a contraction.
Source: HSBC

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