The IHS Markit Vietnam Manufacturing PMI fell to a three-month low of 50.6 in January 2020 from 50.8 in the previous month. New orders continued to rise amid a rebound in exports while output fell marginally, leading a number of firms to use stocks of finished goods to help meet new business requirements. At the same time, the rate of job creation was the weakest in the current three-month sequence of rising employment. On the price front, input cost inflation picked up to an eight-month high due to higher costs of imported goods and supply shortages, and selling price inflation was recorded for the second month running. Lastly, business sentiment was at the highest in three months on the back of predictions of rising new orders and the launch of new product.

Manufacturing PMI in Vietnam averaged 51.63 points from 2012 until 2020, reaching an all time high of 56.50 points in November of 2018 and a record low of 43.60 points in July of 2012. 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. source: Markit Economics

Manufacturing PMI in Vietnam is expected to be 49.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Vietnam to stand at 51.00 in 12 months time. In the long-term, the Vietnam Manufacturing PMI is projected to trend around 50.90 points in 2021 and 50.10 points in 2022, according to our econometric models.


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Vietnam Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.60 50.80 56.50 43.60 2012 - 2020 points Monthly


News Stream
Vietnam Manufacturing PMI Lowest in 3 Months
The IHS Markit Vietnam Manufacturing PMI fell to a three-month low of 50.6 in January 2020 from 50.8 in the previous month. New orders continued to rise amid a rebound in exports while output fell marginally, leading a number of firms to use stocks of finished goods to help meet new business requirements. At the same time, the rate of job creation was the weakest in the current three-month sequence of rising employment. On the price front, input cost inflation picked up to an eight-month high due to higher costs of imported goods and supply shortages, and selling price inflation was recorded for the second month running. Lastly, business sentiment was at the highest in three months on the back of predictions of rising new orders and the launch of new product.
2020-02-03
Vietnam Factory Activity Growth Slows
The IHS Markit Vietnam Manufacturing PMI edged lower to 50.8 in December 2019 from 51.0 in November, due to a slight reduction in output. Meanwhile, new orders grew the most since August, despite the first decline in exports in just over four years, while both employment and input buying were up for the second straight month. In terms of inflation, input costs increased the most in seven months boosted by higher market prices for raw materials, and selling prices rose for the second time in the past three months. Looking ahead, business confidence was unchanged, with firms expecting output to expand over the coming year.
2020-01-02
Vietnam Manufacturing Growh Little-Changed in November
The IHS Markit Vietnam Manufacturing PMI edged higher to 51.0 in November 2019 from a four-month low of 50.0 in a month earlier. Output increased for the first time in three months, new orders expanded at a faster pace and new export orders picked up. In addition, employment also returned to growth, while firms reported another modest accumulation of backlogs of work. Input buying went up modestly after being no changed in the previous month and contributed to an accumulation of stocks of purchases. On the price front, rate of input cost inflation softened to an 11-month low, with output prices reduced accordingly. Finally, sentiment dipped, but remained positive.
2019-12-02
Vietnam Manufacturing Conditions Unchanged
The IHS Markit Vietnam Manufacturing PMI dropped to 50 in October 2019, the lowest since November 2015. Both new orders and exports grew at softer paces, with back-to-back declines in output being seen for the first time since the third quarter of 2013. Also, buying level was unchanged, ending a 46-month sequence of expansion; while employment fell for the second straight month and at the steepest rate since March 2015. At the same time, backlogs of work increased for the fourth time in the past five months. On the price front, the rate of input cost inflation accelerated and firms raised their charges for the first time in almost a year in response. Looking ahead, confidence rebounded from a 13-month low and was back to the level registered in August.
2019-11-01

Vietnam Manufacturing PMI
The IHS Markit 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.