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.

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Vietnam Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
44.10 53.10 56.50 32.70 2012 - 2021 points Monthly


News Stream
Vietnam Manufacturing PMI Lowest in 13 Months
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.
2021-07-01
Vietnam Manufacturing PMI Lowest in 3 Months
The IHS Markit Vietnam Manufacturing PMI dropped to 53.1 in May 2021 from a near 3-year high of 54.7 a month earlier. This was the lowest reading since February, amid the latest outbreak of COVID-19 infections in the country. Rates of expansion in output, new orders, and employment all softened, while backlogs of work accumulated to a near-record rise. Firms expanded both their quantity and stocks of purchases, on efforts to build reserves. That said, in both cases, rates of increase were slower than in April. Meantime, suppliers' delivery times lengthened the most in a year, amid shipping delays and material shortages. On the cost side, a further sharp increase in input costs fed through to the steepest selling price inflation in just over a decade. Finally, sentiment eased to a three-month, amid hopes that the virus will be brought back under control and the prospect of further new order growth.
2021-06-01
Vietnam Manufacturing PMI Rises to 33-Month High
The IHS Markit Vietnam Manufacturing PMI increased to 54.7 in April 2021 from 53.6 in March. This was the fifth straight month of expansion in the sector and the strongest pace since July 2018, amid improvements in control over the COVID-19 pandemic. Output grew the most since November 2018; while new orders rose for the eighth straight month and the fastest pace in near 2-1/2 years. New export orders also continued to rise on higher global demand, with firms ramping up buying activity and raising their inventories. Staffing levels rose for the third month running, and to the greatest extent in 33 months while backlogs went up for the first time in 15 months. Suppliers' delivery times continued to lengthen but the deterioration was the softest since last September. On the cost front, input costs continued to rise sharply, feeding through to the fastest increase in selling prices in close to a decade. Lastly, confidence remained solid.
2021-05-04
Vietnam Manufacturing PMI Rises to 27-Month High
The IHS Markit Vietnam Manufacturing PMI increased to 53.6 in March 2021 from 51.6 a month earlier. This was the fourth straight month of expansion in the manufacturing sector and the strongest pace since December 2018. Output growth was at a 20-month high, while marked expansion in new orders and export sales led to stronger rises in employment and buying activity. Meanwhile, difficulties sourcing raw materials remained, with suppliers' delivery times continuing to lengthen. That said, vendor performance fell the least in four months, and firms were able to expand their stocks of purchases. Prices data showed input cost inflation accelerated to an over three-year high, amid higher steel prices and increased costs for items sourced from China. Output prices, meanwhile, were raised at the sharpest pace in over four years. Looking ahead, business sentiment was the highest since July 2019, om hopes that the COVID-19 pandemic will come to an end and demand will improve.
2021-04-01

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.