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Vietnam’s manufacturing industry records slight decline in March

S&P Global’s Purchasing Manager’s Index recorded a fall for Vietnam’s manufacturing sector in March, with the index dipping below the 50-point break-even mark. Recording a 49.9 this was a drop of .5 percent from February’s 50.4.

Key takeaways

  • Optimism in the industry for the year was at an 18-month high;
  • There was a fall in new orders;
  • New export orders were down due to competition and geopolitical challenges;
  • The fall was was isolated to intermediate goods firms whereas consumer and investment goods producers recorded increases;
  • New hires were up;
  • Lower orders led to a reduction in the import of raw materials and a solid decrease in input stocks;
  • There was a significant fall in stocks of finished goods; and
  • Selling prices reduced.
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