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Financial News: Vietnam Manufacturing PMI Falls To 32.7 In April

Vietnam Manufacturing PMI Falls To 32.7 In April - IHS Marketing

05/03/2020 - 21:05:00 (RTTNews)

(RTTNews) - The Vietnam manufacturing sector continued to contract in April, and at a faster rate because of the Covid-19 pandemic, the latest survey from IHS Marketing revealed on Monday with a manufacturing PMI score of 32.7.

That's down from 41.9 in March and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were severe declines in output and new orders, while employment was also down at a record pace.

Firms were pessimistic regarding the 12-month outlook.

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