Vietnam manufacturing sector sees a further slowdown in September
TOKYO â" Vietnamese manufacturing industry PMI dropped to ten-month low in September, amid weaker increases in output, new orders and employment.
The Nikkei Vietnam Manufacturing Purchasing Managers' Index, or PMI, dropped to 51.5 in September from 53.7 in August.
A reading above 50 signals an improvement, while one below 50 points to a contraction in manufacturing activity.
Manufacturing production rose at the weakest pace since March, while new export orders rose slightly to the slowest extent in 16 months. However the rate of inflation slowed and was weaker than previous months.
âWhile remaining positive overall, demand conditions are clearly less buoyant than they were during Q2,â commented Andrew Harker, Associate Director at IHS Markit, which compiles the survey.
âCharges were lowered for the first time in over a year during September,â he a dded.
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