The S&P Global Vietnam Manufacturing Purchasing Managers’ Index has hit a five-month low of 47.3 this month down from 49.6 in October. Anything below 50 is considered a contraction. S&P Global’s press release notes that there has been:
- A scaling back of production,
- An uptick in cost pressures,
- Resistance from customers to price increases,
- Weaker customer demand,
- A scaling back of purchasing activity,
- A modest decrease in staffing levels,
- Reluctance to hold inventories and a decrease in pre-production inventories,
- An improvement in delivery times,
- A shortening of lead times, and
- A dip in business confidence.