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Vietnam: Manufacturing PMI improves in February

March 2, 2015

The HSBC manufacturing Purchasing Managers’ Index (PMI) rose from 51.5 in January to 51.7 in February. As a result, the index rose further above the 50-threshold, which separates expansion from contraction in business conditions.

The monthly increase was supported by an increase in new orders and employment. HSBC added that, “ [w]ith input prices decelerating, thanks to the sharp decline of oil prices, and inventories low, we expects output to continue to expand in February, although the Lunar festivity means that there will be some seasonal slowdown.”

FocusEconomics Consensus Forecast panelists see investment rising 6.6% in 2015, which is down 0.1 percentage points from the previous month’s estimate. For 2016, the panel expects investment to grow 7.3%.


Author:, Senior Economist

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Vietnam PMI February 2015 0

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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