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Financial News: Vietnam Manufacturing PMI Falls To 40.2 In August

Vietnam Manufacturing PMI Falls To 40.2 In August - Markit

08/31/2021 - 20:38:00 (RTTNews)

(RTTNews) - The manufacturing sector in Vietnam continued to contract in August, and at a faster pace, the latest report from Markit Economics showed on Wednesday with a manufacturing PMI score of 40.2.

That's down from 45.1 in July, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

The unprecedented spell of supply-chain disruption continued amid transportation difficulties and pressure on capacity at the country's ports. This, allied with raw material shortages, placed upward pressure on input costs which continued to rise sharply.

COVID-19 restrictions meant that a number of manufacturers were closed temporarily, while others reported staff shortages and limits on their ability to produce. As a result, output declined at a substantial pace.

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