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.”
Author: Dirina Mançellari, Senior Economist