Vietnam PMI November 2016

Vietnam

Vietnam: Manufacturing PMI jumps up in November

December 1, 2016

The Nikkei manufacturing Purchasing Managers’ Index (PMI) increased from October’s 51.7 points to 54.0 points in November and reached an 18-month high. The indicator remained above the 50-threshold that separates improvement from deterioration in business conditions, where it has stayed almost uninterruptedly for the last three years.

November’s result came on the back of a surge in new orders and a rebound in overall output. Businesses also hired extra employers and increased purchasing activity. Regarding price developments, manufacturers reported rapidly climbing input costs but they were able to transfer these to their output prices, which rose at multi-year record pace.

FocusEconomics Consensus Forecast panelists see investment rising 8.9% in 2016, which is unchanged from last month’s forecast. For 2017, the panel expects investment to grow 8.7%, which is up 0.1 percentage points from last month’s estimate.


Author: Marlène Rump, Senior Data Analyst

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Vietnam PMI November 2016 0

Note: Nikkei Purchasing Managers’ Index. Readings above 50 indicate an expansion in the manufacturing sector while readings below 50 point to a contraction.
Source: Nikkei and IHS Markit


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