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.

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Vietnam Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 47.40 50.60 points Nov 2022

Vietnam Manufacturing PMI
The S&P Global 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.
Actual Previous Highest Lowest Dates Unit Frequency
47.40 50.60 56.50 32.70 2012 - 2022 points Monthly

News Stream
Vietnam Factory Activity Shrinks for 1st Time in 14 Months
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 unfavorable exchange rates and the Ukraine war. Meanwhile, output declined for the first time since March, with the rate of contraction 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.
2022-12-01
Vietnam Manufacturing Growth at 13-Month Low
The S&P Global Vietnam Manufacturing PMI slipped to 50.6 in October 2022 from 52.5 in September. The latest result pointed to the 13th straight month of growth in factory activity but the softest in the sequence. New orders rose the least since October 2021, output growth was at a three-month low, and export orders moderated. Also, purchasing activity went up the least in seven months; while the pace of job creation was the slowest since July, with backlogs of work falling amid a lack of pressure on capacity. For the third successive month, delivery times shortened, representing a continued stabilization of supply chains after a sustained period of disruption. Meantime, the rate of input cost inflation ticked higher but remained relatively modest and much softer than seen earlier in the year. Output price inflation also remained muted, and actually softened slightly from September. Finally, sentiment weakened to a 13-month low, amid some concerns about signs of waning demand.
2022-11-01
Vietnam Factory Growth Stays Solid
The S&P Global Vietnam Manufacturing PMI edged down to 52.5 in September 2022 from 52.7 in the prior month. Still, this was the 12th straight month of growth in factory activity, as the COVID-19 situation remained under control. New orders continued to rise, fuelling the growth of output, employment, and purchasing activity. Meanwhile, stockbuilding was evident across both inputs and finished goods. However, foreign sales were at their slowest in ten months, while delivery times were little changed following an improvement in the prior survey period. Rates of inflation remained muted, with input prices much slowing than recorded earlier in the year due to lower oil prices while output prices increased slightly as some firms took advantage of muted cost inflation to offer discounts to customers. Finally, confidence strengthened to the highest in four months and was above the series average, on a better pandemic situation and growing market demand and new orders.
2022-10-03