Vietnam PMI


Vietnam: Manufacturing PMI inches down in July

August 1, 2014

The HSBC manufacturing Purchasing Managers’ Index (PMI) inched down from 52.3 points in June to 51.7 points in July. The index has been above the 50-threshold for the last 11 months, which indicates expansion in the manufacturing sector.

According to HSBC, “the manufacturing sector expanded in July, although the pace slowed due to weaker output growth.” Meanwhile, employment and new export orders recorded an increase. In addition, HSBC added that it, “expect[s] new export orders and employment to continue to rise in the coming months.”

FocusEconomics Consensus Forecast panelists see investment rising 7.4% in 2014, which is unchanged from the previous month’s estimate. For 2015, the panel expects industrial production to increase 8.7%.

Author:, Senior Economist

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Vietnam PMI Chart

Vietnam PMI July 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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