Financial News: Vietnam Manufacturing Sector Swings To Expansion In Octobe

Vietnam Manufacturing Sector Swings To Expansion In October - S&P Global

10/31/2024 - 20:53:00 (RTTNews)

(RTTNews) - The manufacturing sector in Vietnam bounced up into expansion territory in October, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 51.2.

That's up from 47.3 in September, and it moved above the boom-or-bust line of 50 that separates expansion from contraction.

Central to the renewed strengthening of the health of the sector were returns to growth of both production and new orders as the recovery from Typhoon Yagi got underway. In each case, however, rates of expansion were softer than in the months leading up to September as some firms continued to face disruption following the storm and associated flooding.

Alongside the rise in total new business, new export orders also increased in October. That said, the rate of expansion was only marginal amid some reports of subdued international demand.

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