Financial News: Vietnam Manufacturing Sector Steady In May

Vietnam Manufacturing Sector Steady In May - S&P Global

06/02/2024 - 20:52:00 (RTTNews)

(RTTNews) - The manufacturing sector in Vietnam was unchanged in May, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 50.3.

That was steady from the April reading and it remained above the boom-or-bust line of 50 that separates expansion from contraction.

New orders increased solidly again in May as a strengthening demand environment helped firms to secure new customers and bring in new business. The rate of expansion was slightly softer than that seen in April, however.

Meanwhile, new export orders also increased, albeit to a lesser extent than total new business. The expansion of total new business encouraged manufacturers to raise their production volumes for the second month in a row. Moreover, the rate of growth quickened to the fastest since September 2022.

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Financial News: Vietnam Manufacturing Sector Steady In May - S&P

Vietnam Manufacturing Sector Steady In May - S&P Global

RECENT INTERNATIONAL FINANCIAL NEWS

INTERNATIONAL FINANCIAL NEWS

Atlanta Fed Sees U.S. Q3 GDP Growth At 2.8%

U.S. Consumer Sentiment Index Dips Slightly Less Than Previously Estimated In July

U.S. Consumer Prices Inch Up 0.1% In June, In Line With Estimates

Spain Jobless Rate Lowest Since 2008

Denmark Retail Sales Fall 0.1%