Vietnam: Manufacturing PMI inches down in March
April 1, 2015
The HSBC manufacturing Purchasing Managers’ Index (PMI) inched down from 51.7 in February to 50.7 in March, which marked the lowest rate in seven months. As a result, the index is now closer to the 50-threshold, which separates expansion from contraction in business conditions.
The monthly figure came on the back of lower input costs and a modest reduction in unemployment. HSBC added that, “the Vietnamese manufacturing sector continued its recent solid performance at the end of Q1, with firms able to secure greater numbers of new orders from both domestic and export clients.”
Author: Dirina Mançellari, Senior Economist