Vietnam manufacturing sector sees a further slowdown in September

By On September 30, 2018

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.

“While remaining positive overall, demand conditions are clearly less buoyant than they were during Q2,” commented Andrew Harker, Associate Director at IHS Markit, which compiles the survey.

“Charges were lowered for the first time in over a year during September,” he a dded.

(Nikkei)

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See Also

  • Myanmar manufacturing PMI continues its deterioration in September
  • Thailand’s manufacturing sector remains stagnant in September
  • Taiwan’s manufacturing PMI falls to two-year low
  • South Korea’s manufacturing sector expands for first time since February
Source: Google News Vietnam | Netizen 24 Vietnam

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