Vietnam PMI

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Vietnam: Manufacturing PMI reaches lowest level in nine months in August

September 3, 2014

The HSBC manufacturing Purchasing Managers’ Index (PMI) inched down from 51.7 in July to 50.3 in August. As a result, the index now stands at its lowest level in nine months. However, the index has been above the 50-threshold for the last 12 months, which indicates expansion in the manufacturing sector.

August’s deterioration came on the back of a decrease in new orders, which in turn were dragged down by weak external and internal conditions. The fall in new orders was the first in nine months. In addition, an increase in prices for transportation led to higher input prices. The higher costs passed on to clients led to the third successive monthly increase in output prices. However, HSBC said that it, “expect[s] output to rebound in Q4 on better demand.”

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 August 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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