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.”
Author: Dirina Mançellari, Senior Economist