Vietnam PMI


Vietnam: Manufacturing PMI virtually unchanged in June

July 1, 2014

The HSBC manufacturing Purchasing Managers’ Index (PMI) inched down from 52.5 points in May to 52.3 points in June. The index has been above the 50-threshold for the last ten months, which indicates expansion in the manufacturing sector.

According to HSBC, “the manufacturing sector continues to expand at a solid rate, albeit with a slight slowdown.” The main reason for the slowdown is a deceleration in external demand, while the domestic demand remains strong. In addition, HSBC added that, “given low inventories and robust new orders, we expect the sector to continue to perform well.”

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 June 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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