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.”
Author: Dirina Mançellari, Senior Economist