Vietnam PMI

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Vietnam: Manufacturing PMI moderates slightly

November 3, 2014

The HSBC manufacturing Purchasing Managers’ Index (PMI) inched down from 51.7 in September to 51.0 in October. As a result, the index is closer to the 50-threshold. However, it still remains in expansionary territory, where it has been for the last 13 months.

Despite the monthly decrease, the manufacturing sector continues to expand. In October, new orders increased for the second consecutive month, although at a slower pace compared to the previous month. October’s result came on the back of a pickup in external demand. HSBC added that it, “expect[s] the sector to continue to grow on better external demand. What’s left is for domestic sectors to kick in, allowing Vietnam to return to its long-run average.”

FocusEconomics Consensus Forecast panelists see investment rising 6.6% in 2014, which is down 0.1 percentage points from the previous month’s estimate. For 2015, the panel expects investment to grow 7.3%, which is down 0.2 percentage points from last month’s forecast.


Author:, Senior Economist

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Vietnam PMI October 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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