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Vietnam’s manufacturing sector continues to contract as new orders fall

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.
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