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Vietnam manufacturing grows for second month in a row: S&P

S&P Global’s Purchasing Managers Index–or PMI–has recorded a second consecutive month of growth in February increasing from 50.3 in January to 50.4 in February. Anything above 50 is considered a signal the sector is growing less than 50 and it is shrinking.

Key takeaways

  • Business optimism reached a 12-month high–55 percent.
  • New orders increased;
  • Growth was seen in consumer and investment goods;
  • There was a fall in intermediate goods;
  • Firms depleted their inventories rather than order new supplies;
  • Selling prices went up;
  • Staffing levels expanded but many were hired only on a temporary basis; and
  • Input costs increased.

See also: Manufacturing in Vietnam 2024: Ultimate Guide

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