Vietnam PMI


Vietnam: Manufacturing PMI picks up in September

October 1, 2014

The HSBC manufacturing Purchasing Managers’ Index (PMI) inched up from 50.3 in August to 51.7 in September. As a result, the index is further above the 50-threshold, where it has been for the last 12 months.

September’s improvement came on the back of a pickup in external demand. The improvement in operating conditions was also helped by an increase in new orders. In addition, a rise in employment was recorded in September, which followed no change in the previous month. HSBC added that it, “expect[s] the manufacturing sector to perform well into Q4 2014 as the country is competitive in terms of labour, electricity and water costs.”

FocusEconomics Consensus Forecast panelists see investment rising 7.4% in 2014, which is unchanged from the previous month’s estimate. For 2015, the panel expects industrial production to increase 8.7%.

Author:, Senior Economist

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Vietnam PMI Chart

Vietnam PMI September 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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