The S&P Global Vietnam Manufacturing PMI increased to 54.7 in May 2022 from April's six-month low of 51.7 while marking the eighth straight month of expansion and the strongest growth since April 2021. Both output and new orders expanded sharply, with growth of new export orders accelerating, as COVID-19 situation improved. Meantime, purchasing activity rose in response to new orders growth, with the rate of expansion quickening to a three-month high. Meanwhile, employment increased to the second straight month and a at solid pace that was the fastest since April 2021. On the cost side, both input costs and output prices rose at the slowest pace in three months, amid rises in prices of oil and gas and shipping charges. Looking ahead, confidence strengthened to the highest since January supported by optimism in the outlook for production. source: Markit Economics
Manufacturing PMI in Vietnam averaged 51.02 points from 2012 until 2022, 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 June of 2022.
Manufacturing PMI in Vietnam is expected to be 50.00 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 51.00 points in 2023, according to our econometric models.