logo
  

Vietnam Manufacturing Sector Returns To Growth - IHS Markit

The manufacturing sector in Vietnam swung back to expansion in June, the latest survey from IHS Markit revealed on Wednesday with a manufacturing PMI score of 51.1.

That's up from 42.7 in May, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, new orders increased at a solid pace, while there was renewed expansion in production.

Despite new orders increasing at the end of the second quarter, there was continued evidence of spare capacity in the sector. Backlogs of work fell again, while staffing levels were reduced for the fifth month running.

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.

This week, we feature Nigeria’s combat with meningitis, Hostile takeover bid for Vanda Pharma, US opioid crisis, Sammy’s Milk’s safety concerns, and X4’s Mavorixafor’s fast-track status.

View More Videos
Follow RTT