The IHS Markit Vietnam Manufacturing PMI tumbled to 44.1 in June 2021 from 53.1 in May, pointing to the sharpest deterioration in business conditions since May 2020. The latest reading ended a six-month period of growth, amid lockdown measures and temporary company closures as the country battled the latest wave of COVID-19 cases. Output and new orders both shrank the most since the pandemic began, while employment fell for the first time in five months and at a sharp rate that was the second-fastest since the survey started in 2011. Similarly, buying activity fell the most since the series nadir seen in April 2020. The pandemic also impacted supply chains, resulting in a near-record lengthening of delivery times. Meanwhile, the rate of input cost inflation remained marked, and firms raised their own selling prices marginally. Looking ahead, sentiment hit its lowest since August 2020, though firms remained optimistic overall that output will increase over the coming year. source: Markit Economics
Manufacturing PMI in Vietnam averaged 51.14 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 July 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. Looking forward, we estimate Manufacturing PMI in Vietnam to stand at 51.00 in 12 months time. In the long-term, the Vietnam Manufacturing PMI is projected to trend around 53.00 points in 2022, according to our econometric models.