The Nikkei Vietnam Manufacturing PMI dropped to 53.8 in December 2018 from a record high of 56.5 in the previous month. The reading pointed to the weakest pace of expansion in factory activity since September, amid softer rises in output, new orders and new export orders. Still, the rates of expansion in those three sub-indices were above their respective averages since the survey began in March 2011. At the same time, employment grew for the 33rd straight month, and firms increased their purchasing activity again, and at a marked pace. Regarding inflation, input costs decreased for the first time in almost three years amid falls in the market prices of items such as oil and paper. Companies responded to lower cost burdens by lowering their output prices for the third time in the past four months. Meantime, sentiment was broadly in line with the series average, having dipped from the near-record optimism seen in November. Manufacturing PMI in Vietnam is reported by Markit Economics.

Manufacturing PMI in Vietnam is expected to be 54.70 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 53.00 in 2020, according to our econometric models.

Vietnam Manufacturing PMI
Forecast Data Chart
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Vietnam Business Last Previous Highest Lowest Unit
Manufacturing PMI 53.80 56.50 56.50 43.60 [+]
Industrial Production 11.40 9.60 28.40 -10.10 percent [+]
Manufacturing Production 13.70 11.00 26.30 -12.40 percent [+]
Changes in Inventories 140219.87 130578.82 140219.87 530.00 VND Billion [+]
Car Registrations 29347.00 28041.00 29347.00 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 -3.20 0.20 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 18000.00 17100.00 19100.00 671.00 Gigawatt-hour [+]
Corruption Index 35.00 33.00 35.00 24.00 Points [+]
Corruption Rank 107.00 113.00 123.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.80 56.50 56.50 43.60 2012 - 2018 Monthly

Country Last Previous
Australia 49.50 Dec/18
Brazil 52.60 Dec/18
Canada 53.60 Dec/18
China 49.70 Dec/18
Euro Area 51.40 Dec/18
France 49.70 Dec/18
Germany 51.50 Dec/18
India 53.20 Dec/18
Indonesia 51.20 Dec/18
Italy 49.20 Dec/18
Japan 52.60 Dec/18
Mexico 49.70 Dec/18
Netherlands 57.20 Dec/18
Russia 51.70 Dec/18
Saudi Arabia 54.50 Dec/18
Singapore 51.10 Dec/18
South Africa 50.70 Dec/18
South Korea 49.80 Dec/18
Spain 51.10 Dec/18
Switzerland 57.80 Dec/18
Turkey 44.20 Dec/18
United Kingdom 54.20 Dec/18
United States 53.80 Dec/18