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.