The IHS Markit Vietnam Manufacturing PMI rose to 52.5 in December 2021 from 52.2 in November, pointing to the third straight month of increase. The latest reading was also the highest figure since May, amid a further solid increase in new orders and a continued growth in output. Also, export sales accelerated to an eight-month high, job creation resumed after six months of falling staffing levels with the outstanding business up for the fourth month in a row, and buying levels rose solidly as firms ramped up input buying due to higher orders while trying to build reserves. Manufacturers continued to face delivery delays, but the rate at which lead times lengthened eased for the third month running. On prices, input cost inflation slowed from that seen in November. Output prices also moderated, albeit one that was still well above the series average. Lastly, sentiment ticked up, on hopes that the pandemic will be brought under control in 2022 and demand will strengthen. source: Markit Economics

Manufacturing PMI in Vietnam averaged 50.92 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 January of 2022.

Manufacturing PMI in Vietnam is expected to be 47.00 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


Vietnam Manufacturing PMI
The IHS Markit 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
52.50 52.20 56.50 32.70 2012 - 2021 points Monthly

Related Last Previous Unit Reference
Manufacturing PMI 52.50 52.20 points Dec/21


News Stream
Vietnam Factory Activity Grows for 3rd Month
The IHS Markit Vietnam Manufacturing PMI rose to 52.5 in December 2021 from 52.2 in November, pointing to the third straight month of increase. The latest reading was also the highest figure since May, amid a further solid increase in new orders and a continued growth in output. Also, export sales accelerated to an eight-month high, job creation resumed after six months of falling staffing levels with the outstanding business up for the fourth month in a row, and buying levels rose solidly as firms ramped up input buying due to higher orders while trying to build reserves. Manufacturers continued to face delivery delays, but the rate at which lead times lengthened eased for the third month running. On prices, input cost inflation slowed from that seen in November. Output prices also moderated, albeit one that was still well above the series average. Lastly, sentiment ticked up, on hopes that the pandemic will be brought under control in 2022 and demand will strengthen.
2022-01-04
Vietnam Manufacturing Expands Further
The IHS Markit Vietnam Manufacturing PMI edged up to 52.2 in November 2021 from 52.1 in October, signaling a 2nd straight modest improvement after a period of drop caused by the wave of the pandemic. New orders rose for the second month running, growing the most since April. Also, export orders grew modestly, while output went up at a broadly similar pace to that seen in October, and buying levels gained for the second month in a row. Meantime, employment continued to fall markedly, extending the current sequence of fall to six months. As a result, backlogs of work went up for the third month running. Suppliers' delivery times lengthened further but the deterioration was the least marked in six months. On the cost side, input price inflation hit its highest since April 2011, on higher oil and transport costs, as well as raw material shortages; and output charges rose much faster than that in October. Finally, sentiment eased but remained positive.
2021-12-01
Vietnam Manufacturing Grows for 1st Time in 5 Months
The IHS Markit Vietnam Manufacturing PMI surged to 52.1 in October 2021 from September's 16-month low of 40.2. The latest reading was the first growth in factory activity since May, as the latest wave of COVID-19 infections eased, with output, new orders, and purchasing activity all returning to expansion. Meanwhile, employment continued to fall markedly, while backlogs of work rose further. On inflation, input costs increased at the fastest pace since April 2011 and at one of the sharpest rates in the survey's history, due to higher freight charges and raw material shortages. Selling prices, meantime, gained at a marked pace that was the fastest in five months. Lastly, confidence strengthened to a 29-month high, on hopes that t the pandemic will remain under control.
2021-11-01