The Nikkei Vietnam Manufacturing PMI rose to 51.9 in March 2019 from a near three-year low of 51.2 in February. Output increased the most since November last year and new orders advanced for the fortieth consecutive month, driven by new export business. In addition, buying activity went up at the fastest pace so far this year. Meanwhile, the job creation rate dropped for the second straight month. On the price front, input cost inflation remained relatively weak, providing scope for firms to lower their output prices again. Looking ahead, sentiment was higher than in February and broadly in line with the series average, strong optimism reflected expected improvements in market demand and investment in expanding productive capacity. Manufacturing PMI in Vietnam is reported by Markit Economics.

Manufacturing PMI in Vietnam is expected to be 52.30 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 50.80 in 12 months time. In the long-term, the Vietnam Manufacturing PMI is projected to trend around 51.40 in 2020, according to our econometric models.

Vietnam Manufacturing PMI
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Vietnam Business Last Previous Highest Lowest Unit
Manufacturing PMI 51.90 51.20 56.50 43.60 [+]
Industrial Production 9.10 10.30 28.40 -10.10 percent [+]
Manufacturing Production 12.80 10.10 26.30 -12.40 percent [+]
Changes in Inventories 140219.87 130578.82 140219.87 530.00 VND Billion [+]
Car Registrations 30055.00 11453.00 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 -5.00 -6.70 14.80 -17.70 percent [+]
Competitiveness Index 58.05 57.94 58.05 4.02 Points [+]
Competitiveness Rank 77.00 74.00 77.00 56.00 [+]
Ease of Doing Business 69.00 68.00 99.00 68.00 [+]
Electricity Production 18800.00 14000.00 19100.00 671.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.90 51.20 56.50 43.60 2012 - 2019 Monthly




Country Last Previous
Australia 51.00 Mar/19
Brazil 52.80 Mar/19
Canada 50.50 Mar/19
China 50.80 Mar/19
Euro Area 47.80 Apr/19
France 49.60 Apr/19
Germany 44.50 Apr/19
India 52.60 Mar/19
Indonesia 51.20 Mar/19
Italy 47.40 Mar/19
Japan 49.50 Apr/19
Mexico 49.80 Mar/19
Netherlands 52.50 Mar/19
Russia 52.80 Mar/19
Saudi Arabia 56.80 Mar/19
Singapore 50.80 Mar/19
South Africa 45.00 Mar/19
South Korea 48.80 Mar/19
Spain 50.90 Mar/19
Switzerland 50.30 Mar/19
Turkey 47.20 Mar/19
United Kingdom 55.10 Mar/19
United States 52.40 Apr/19


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