The IHS Markit Vietnam Manufacturing PMI was at 40.2 in September 2021, unchanged from August's 16-month low, as factory activity continued to be severely impacted by local COVID-19 situations. Output shrank for the fourth straight month, amid transportation difficulties and staff shortages, new orders fell the most since April 2020, and export sales dropped at a steeper rate. At the same time, employment declined the most since the survey began in March 2011, while outstanding business rose for the first time in four months, and at a pace that was by far the strongest in the survey's history. Manufacturers also reduced their buying activity, while lead times lengthened at a new record pace for the third straight month. On inflation, input prices continued to rise sharply, with the rate of inflation slightly faster than in August. On the other hand, selling prices rose the least since June. Finally, confidence picked up from the 15-month low but remained relatively muted. source: Markit Economics

Manufacturing PMI in Vietnam averaged 50.89 points from 2012 until 2021, 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 October of 2021.

Manufacturing PMI in Vietnam is expected to be 45.00 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 52.00 points in 2022 and 51.00 points in 2023, according to our econometric models.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Vietnam Manufacturing PMI


News Stream
Vietnam Manufacturing PMI Stays at 16-Month Low
The IHS Markit Vietnam Manufacturing PMI was at 40.2 in September 2021, unchanged from August's 16-month low, as factory activity continued to be severely impacted by local COVID-19 situations. Output shrank for the fourth straight month, amid transportation difficulties and staff shortages, new orders fell the most since April 2020, and export sales dropped at a steeper rate. At the same time, employment declined the most since the survey began in March 2011, while outstanding business rose for the first time in four months, and at a pace that was by far the strongest in the survey's history. Manufacturers also reduced their buying activity, while lead times lengthened at a new record pace for the third straight month. On inflation, input prices continued to rise sharply, with the rate of inflation slightly faster than in August. On the other hand, selling prices rose the least since June. Finally, confidence picked up from the 15-month low but remained relatively muted.
2021-10-01
Vietnam Manufacturing PMI Plunges to 16-Month Low
The IHS Markit Vietnam Manufacturing PMI tumbled to 40.2 in August 2021 from 45.1 in July. pointing to the third straight month of contraction and the steepest pace since April 2020, amid the worst outbreak of the COVID-19 virus since the pandemic began. Output fell substantially, with the rate of contraction was the second-fastest on record, new orders shrank for the third month running, which was the most in 16 months, and exports shrank at an accelerated pace. In addition, employment fell for the third month running and was the steepest since April 2020. August saw a near-record fall in purchasing activity, though stocks of inputs increased for the first time in three months. Meantime, delivery times lengthened at the sharpest pace on record for the second month running, on congestion at ports and raw material shortages. On the cost side, input price inflation remained among the fastest in a decade, while output prices were also raised. Looking ahead, sentiment hit a 15-month low.
2021-09-01
Vietnam Manufacturing Shrinks at Softer Rate
The IHS Markit Vietnam Manufacturing PMI rose to 45.1 in July 2021 from a 13-month low of 44.1 in June. This was the second straight month of contraction in the manufacturing sector, amid the latest wave of local COVID-19 cases, with the reduction in exports being softer than that seen for new orders, on some reports of improving demand in international markets. At the same time, output dropped faster, and employment was down sharply due to reports of temporary company closures and social distancing restrictions. Meanwhile, disruption was also felt in supply chains, with delivery times lengthening to the greatest extent in more than ten years of data collection. Regarding prices, the rate of input cost inflation accelerated sharply, but efforts to secure orders meant that firms raised their selling prices at a relatively modest pace. Finally, sentiment remained below the series average.
2021-08-02

Vietnam Last Unit Reference Previous Highest Lowest
Manufacturing PMI 40.20 points Sep/21 40.20 56.50 32.70


Vietnam Manufacturing PMI
The IHS Markit 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.