Manufacturing PMI fell to 47.4 in November 2022 from 50.6 in October. The latest reading pointed to the first contraction in the manufacturing sector since September 2021. New orders declined for the first in 14 months, amid weakening global demand, with exports falling due to the impact of unfavourable exchange rate and the Ukraine war. Meanwhile, output decline for the first time since March, with the rate of contraction was solid and the fastest since September 2021. At the same time, employment was down for the first time in eight months. On the price front, input cost inflation accelerated, while output price inflation eased for the first time since August 2020. Finally, business sentiment weakened to a 14-month low, due to falling new orders and concerns about international demand. source: Markit Economics
Manufacturing PMI in Vietnam averaged 51.04 points from 2012 until 2022, reaching an all time high of 56.50 points in November of 2018 and a record low of 32.70 points in April of 2020. 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. Vietnam Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.
Manufacturing PMI in Vietnam is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Manufacturing PMI is projected to trend around 53.00 points in 2023 and 51.00 points in 2024, according to our econometric models.