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Financial News: Vietnam Manufacturing Activity Expands At Slowest Pace In

Vietnam Manufacturing Activity Expands At Slowest Pace In 4 Months

04/02/2018 - 07:36:00 (RTTNews)

(RTTNews) - Vietnam's manufacturing activity expanded at the slowest pace in four months in March, survey data from IHS Markit showed Monday.

The headline Nikkei manufacturing Purchasing Managers' Index- a composite single-figure indicator of manufacturing performance - dropped to 51.6 in March from February's ten-month high of 53.5.

This was the weakest growth since last November. Nonetheless, business activity expanded in each of the past 28 months.

Data showed that output grew at the slowest pace in the four-month sequence of expansion. The rate of growth in new business remained solid amid improved client demand.

Manufacturers raised their staffing levels for the twenty-fourth successive month. But the rate of job creation eased to a seven-month low.

On the price front, data showed that the rate of input price inflation eased markedly from February and was the slowest since August 2017. Output price inflation also eased amid competitive pressures.

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