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.

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Vietnam Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 54.70 51.70 points May 2022

Vietnam Manufacturing PMI
The S&P Global 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.
Actual Previous Highest Lowest Dates Unit Frequency
54.70 51.70 56.50 32.70 2012 - 2022 points Monthly

News Stream
Vietnam Manufacturing PMI at 23-Month High
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.
2022-06-01
Vietnam Manufacturing Sector Expands for 7th Month
The S&P Global Vietnam Manufacturing PMI stood at 51.7 in April 2022, unchanged from March's six-month low print while marking the seventh straight month of expansion. Both output and employment returned to growth after dropping in March, amid falls in COVID-19 cases. Meantime, new orders continued to rise, with the rate of growth easing to the softest in the current 7-month sequence of rise; while foreign orders also slowed, on strict curbs in China. Meantime, buying levels gained for the 7th month running despite material supply issues. Firms reportedly were able to keep on top of workloads and reduce backlogs for the first time in 3 months. On the cost side, input price inflation was at the second-fastest in 11 years, amid soaring prices of fuel and freight. In turn, selling prices went up the most in five months. Looking ahead, confidence ticked higher and was above the series average, on hopes that the pandemic will be kept under control and supply constraints to ease.
2022-05-04
Vietnam Manufacturing PMI Down to 6-Month Low
The S&P Global Vietnam Manufacturing PMI dropped to 51.7 in March 2022 from 54.3 in February, pointing to the lowest reading since last September. Output fell for the first time in six months, primarily due to labor shortages as so many workers were off with COVID-19 infections with backlogs of works increased the most since September 2021. Meantime, buying level gained the least in six months, despite both total new business and new export orders rising for the sixth month running. The effects of the pandemic and the war in Ukraine acted to delay deliveries, with lead times lengthening the most since last October. On inflation, input cost rose the most in nearly 11 years, amid higher costs for oil and gas and raw materials as well as rising shipping. In turn, selling prices went up at the fastest pace since November's 10-1/2-year high. Finally, sentiment was at six-month low, on worries about inflationary pressures and the severity of the latest wave of the pandemic.
2022-04-01