Vietnam PMI


Vietnam: Manufacturing PMI slips to five month low in August

September 3, 2015

The Nikkei manufacturing Purchasing Managers’ Index (PMI) fell from 52.6 in July to 51.3 in August. While still in expansionary territory, the decrease moves the indicator closer to the 50-threshold that separates expansion from contraction in business conditions.

The lower monthly figure came as growth rates for output and new orders decelerated in August as client demand eased. Output expanded at its slowest rate in 10 months, and competitive pressure from a weaker yuan was a factor behind the drop in new orders. Nikkei stated that, “the impacts of the Chinese currency depreciation were felt in the sector, with prices paid for Chinese goods reportedly lower and intensified price competition from firms in China.”

FocusEconomics Consensus Forecast panelists see investment rising 8.2% in 2015, which is up 0.2 percentage points from the previous month’s estimate. For 2016, the panel expects investment to grow 8.4%.

Author:, Economist

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Vietnam PMI Chart

Vietnam PMI August 2015 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 Markit

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