Vietnam Manufacturing PMI

The Nikkei Vietnam Manufacturing Purchasing Managers’ Index came in at 52.6 in June from 52.7 in May. Output growth continued to accelerate on the back of solid expansions in new orders from both home and abroad. Helping firms to secure new business was competitive pricing, in turn facilitated by a moderation of cost inflation in the sector. Manufacturing PMI in Vietnam averaged 50.79 from 2012 until 2016, reaching an all time high of 54.80 in May of 2015 and a record low of 43.60 in July of 2012. Manufacturing PMI in Vietnam is reported by Markit Economics. The Nikkei Vietnam Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides the latest reported value for – Vietnam Manufacturing PMI – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.