Vietnam Manufacturing Sector Ebbs In October - S&P Global
(RTTNews) - The manufacturing sector in Vietnam continued to contract in October, and at a faster pace, the latest survey from S&P Global revealed on Wednesday with a manufacturing PMI score of 49.6.
That's down from 49.7, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Central to the latest decline in business conditions was a further reduction in manufacturing output, the second in as many months. The latest fall was only slight as some firms increased production in line with new order growth, but on balance firms were able to cater to customer requirements without expanding their output.
New orders increased for the third month running amid some signs of improvement in customer demand. That said, the rate of growth was only marginal and the weakest in the current sequence of expansion. Anecdotal evidence suggested that clients remained hesitant about committing to new orders.
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