The manufacturing sector in Vietnam continued to contract in May, albeit at a slower rate, the latest survey from IHS Markit revealed on Monday with a manufacturing PMI score of 42.7.
That's up from 32.7 in April, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, employment continued to fall, while output prices were slashed in an attempt to secure new business.
Disruption from the COVID-19 pandemic led to a sixth successive monthly decline in manufacturing production.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.