The IHS Markit Vietnam Manufacturing PMI dropped to 50.5 in September 2019, the lowest since February 2016, from 51.4 in a month earlier. New orders grew the least in three years, and overseas sales also slowed while there was a slight fall in output, the first since November 2017. In addition, buying levels slowed to near-stagnation; and staffing levels were reduced, ending a three-month sequence of job creation, mainly attributable to resignations. In terms of prices, input cost inflation remained muted, enabling manufacturers to offer price reductions to customers in order to stimulate demand. Looking ahead, sentiment deteriorated for the second straight month to the lowest since August last year amid concerns over market demand. Manufacturing PMI in Vietnam is reported by Markit Economics.

Manufacturing PMI in Vietnam is expected to be 51.20 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 51.20 in 12 months time. In the long-term, the Vietnam Manufacturing PMI is projected to trend around 50.90 in 2020, according to our econometric models.

Vietnam Manufacturing PMI
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Vietnam Business Last Previous Highest Lowest Unit
Manufacturing PMI 50.50 51.40 56.50 43.60 [+]
Industrial Production 10.20 10.50 28.40 -10.10 percent [+]
Manufacturing Production 12.30 10.30 26.30 -12.40 percent [+]
Changes in Inventories 148644.00 140219.87 148644.00 530.00 VND Billion [+]
Car Registrations 27058.00 20363.00 32511.00 2992.00 [+]
Internet Speed 9503.83 8250.20 9503.83 702.84 KBps [+]
IP Addresses 8616202.00 8120243.00 8616202.00 739771.00 IP [+]
Mining Production -6.60 14.40 14.80 -17.70 percent [+]
Competitiveness Index 61.54 58.05 61.54 4.02 Points [+]
Competitiveness Rank 67.00 77.00 77.00 56.00 [+]
Ease of Doing Business 69.00 68.00 99.00 68.00 [+]
Electricity Production 19500.00 20600.00 21100.00 671.00 Gigawatt-hour [+]
Corruption Index 33.00 35.00 35.00 24.00 Points [+]
Corruption Rank 117.00 107.00 123.00 43.00 [+]


Vietnam Manufacturing PMI

The Nikkei 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. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.50 51.40 56.50 43.60 2012 - 2019 Monthly




Country Last Previous
Australia 54.70 Sep/19
Brazil 53.40 Sep/19
Canada 51.00 Sep/19
China 51.40 Sep/19
Euro Area 45.70 Sep/19
France 50.10 Sep/19
Germany 41.70 Sep/19
India 51.40 Sep/19
Indonesia 49.10 Sep/19
Italy 47.80 Sep/19
Japan 48.90 Sep/19
Mexico 49.10 Sep/19
Netherlands 51.60 Sep/19
Russia 46.30 Sep/19
Saudi Arabia 57.30 Sep/19
Singapore 49.50 Sep/19
South Africa 41.60 Sep/19
South Korea 48.00 Sep/19
Spain 47.70 Sep/19
Switzerland 44.60 Sep/19
Turkey 50.00 Sep/19
United Kingdom 48.30 Sep/19
United States 51.10 Sep/19


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