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

Vietnam Manufacturing Sector Ebbs In November - S&P Global

(RTTNews) - The manufacturing sector in Vietnam continued to expand in November, albeit at a slower rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 53.8.

That's down from 54.5 in October, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

A third successive monthly increase in new orders helped to drive production growth again in November, although rates of expansion in both output and new business eased from October. New export orders, meanwhile, increased at a faster pace, with the rate of growth quickening to a 15-month high.

Panelists noted improving demand from mainland China and India in particular. Some firms reported that stormy weather conditions during November had limited production growth, but output nonetheless increased for the seventh month running.

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