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Financial News: Vietnam Manufacturing Sector Ebbs In May - Nikkei

Vietnam Manufacturing Sector Ebbs In May - Nikkei

06/02/2019 - 21:10:00 (RTTNews)

(RTTNews) - The manufacturing sector in Vietnam continued to expand in May, albeit at a slower rate, the latest survey from Nikkei revealed on Monday with a manufacturing PMI score of 52.0.

That's down from 52.5 in April, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were sharper increases in output and new orders, while business confidence hit a six-month high.

Employment fell for the third time in four months; staffing levels fell marginally, with panelists mainly linking this to employee resignations and retirements.

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