Vietnam PMI


Vietnam: Manufacturing PMI improves in November

December 1, 2014

The HSBC manufacturing Purchasing Managers’ Index (PMI) rose from 51 in October to 52.1 in November, thus reaching the highest level in five months. The index remains in expansionary territory, where it has been for the last 13 months.

November’s result reflects that the economy is gradually recovering. Manufacturers’ purchasing activity rose for the fifth consecutive month and new orders improved over the previous month. HSBC added that, “[t]hanks to lower labour costs than China, Vietnam manufacturing is gaining global market share. […] We expect output to continue to rise, in contrast to the rest of the region.”

FocusEconomics Consensus Forecast panelists see investment rising 6.6% in 2014, which is down 0.1 percentage points from the previous month’s estimate. For 2015, the panel expects investment to grow 7.3%, which is down 0.2 percentage points from last month’s forecast.

Author:, Senior Economist

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Vietnam PMI Chart

Vietnam PMI November 2014 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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