The Vietnamese manufacturing sector's growth was maintained induring June amid further improvements in new orders and an easing of inflationary pressures, according to a report released by S&P Global on July 1.
The S&P Global Vietnam Manufacturing Purchasing Managers' Index™ (PMI®) posted 51.8 in June, down from 52.8 in May but still above the 50.0 no-change mark and therefore pointing to an improvement in the health of the sector. Business conditions have now strengthened on a monthly basis throughout the past year.
After returning to growth in May, new orders increased again in June as panellists reported improvements in customer demand. The latest expansion was solid, albeit softer than in the previous survey period. New export orders also rose, albeit only slightly and to a smaller extent than total new business.
The latest rise in new orders helped to support sustained growth of manufacturing production. Output rose for the fourteenth successive month, and at a marked pace that was the fastest since February.
Higher new orders and rising output requirements encouraged manufacturers to expand their purchasing activity for the second month running in June. As was the case with output, the rate of growth was slightly quicker than that seen in May
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