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Financial News: Vietnam Manufacturing PMI Climbs To 53.9 In May

Vietnam Manufacturing PMI Climbs To 53.9 In May

05/31/2018 - 20:52:00 (RTTNews)

(RTTNews) - The manufacturing sector in Vietnam continued to expand in May, and at a faster rate, the latest survey from Nikkei revealed on Friday with a manufacturing PMI score of 53.9.

That's up from 52.7 in April, and it moves farther above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, new business climbed at the fastest pace since March 2017, and there were sharper increases in output and employment.

Cost inflation accelerated, but output prices were up only marginally.

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