Financial News: Vietnam Manufacturing Sector Ebbs In January - S&P

Vietnam Manufacturing Sector Ebbs In January - S&P Global

(RTTNews) - The manufacturing sector in Vietnam continued to expand in January, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 52.5.

That's down from 53.0 in December although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

The marked rise in output was largely attributed by respondents to higher new orders, which also increased at a faster pace than in December amid improving customer demand. Total new business was supported by a renewed expansion of new export orders.

The rise was the third in the past four months, albeit slightly overall. Panelists reported having received new orders from other Asian economies such as India. The marked increase in manufacturing production seen in January was supported by sustained job creation. Employment rose for the fourth successive month.

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