Nikkei Vietnam Manufacturing Purchasing Index rose

Posted on 17 Jul 2018 and read 485 times
Nikkei Vietnam Manufacturing Purchasing Index roseThe Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) rose to 55.7 in June from 53.9 in May — one of the largest increases ever recorded (a reading above 50 signals an improvement, while one below 50 signals a contraction in manufacturing activity).

Output and new orders accelerated amid general improvements in client demand, which led to a record rise in employment and purchasing activity. There was also a record rise in staffing levels.

Andrew Harker — associate director at IHS Markit (www.ihsmarkit.com), which compiles the survey — said: “The Vietnamese manufacturing sector appears to be motoring, midway through 2018.

“The current growth phase has been extremely positive for Vietnamese workers, with firms taking on extra staff at a record pace during June.”

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