The IHS Markit Vietnam Manufacturing PMI surged to 52.2 in September 2020 from 45.7 in August. This was the first growth in the sector in three months and the fastest pace since July 2019. Output rose the most in 14 months, new orders expanded solidly, and new business from abroad grew for the first time since January. Also, buying levels increased for the first time in three months, and at a solid pace. Meanwhile, employment fell for the 18th straight month, but at the softest in this sequence. Firms were still able to keep on top of workloads, as evidenced by a further reduction in outstanding business. Amid shortages for raw materials, lead times lengthened to the least degree since January. Prices data showed input cost inflation hit a 22-month high and was broadly in line with the series average while selling prices rose for the first time in eigh months. Looking ahead, sentiment strengthened. source: Markit Economics
Manufacturing PMI in Vietnam averaged 51.12 points from 2012 until 2020, 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 2020.
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. Looking forward, we estimate Manufacturing PMI in Vietnam to stand at 51.00 in 12 months time. In the long-term, the Vietnam Manufacturing PMI is projected to trend around 51.00 points in 2021 and 53.00 points in 2022, according to our econometric models.