Vietnam manufacturing PMI rises to 52.2 in August

02-Sep-2016 Intellasia | Nikkei | 6:00 AM Print This Post

The Nikkei Vietnam Manufacturing Purchasing managers’ Index, or PMI, rose to 52.2 in August from 51.9 in July.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.

“The latest PMI data for Vietnam are something of a mixed bag again,” Andrew Harker from IHS Markit, which compiles the survey, said. “The data are generally positive, with rates of expansion in employment and stocks of purchases particularly strong. On the other hand, output and new orders increased at weaker rates, suggesting that client demand is showing signs of softening,” he added.

http://asia.nikkei.com/Markets/Nikkei-PMI/Vietnam-manufacturing-PMI-rises-to-52.2-in-August

 


Category: Economy, Vietnam

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