Vietnam: Manufacturing PMI jumps in February
March 1, 2017
The Nikkei manufacturing Purchasing Managers’ Index (PMI) increased from January’s 51.9 points to 54.2 points in February, a 21-month high. The indicator thus moved further above the 50-point threshold that separates expansion from contraction in the manufacturing sector, where it has stayed almost uninterruptedly for the last three years.
Growth in output and new orders surged in February and business confidence improved markedly. Client demand was robust, with particularly strong orders from international clients. The rates of job creation and purchasing activity were also robust in February. Meanwhile, input prices continued to increase strongly but manufacturers were able to transfer the higher cost burden to their customers as they increased sales prices at the fastest rate in three months.