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Vietnam’s manufacturing sector business conditions continue to decline: S&P

S&P Global’s Purchasing Managers’ Index (PMI) recorded a decline in business conditions for the fourth month in a row in December, according to a press release from the firm. The well-known index recorded 48.9 points up from 47.3 in November. A score of 50 indicates no change, above 50 means the sector is growing, and below 50 means it is contracting.

Key points

  • New orders were down, on the back of low demand;
  • There was a small rise in selling prices;
  • Input costs increased substantially;
  • Lead times improved on the back of the lack of demand and competition among suppliers; and
  • Backlogs increase for the first time in 12 months.
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