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.