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. source: Markit Economics
Manufacturing PMI in Vietnam averaged 50.99 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 September of 2021.
Manufacturing PMI in Vietnam is expected to be 55.00 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 53.00 points in 2022, according to our econometric models.