Macro Update - PMI rebounds in defiance of regional trend
  • 2018-11-07T20:47:58
  • Macroeconomics
Vietnam’s manufacturing PMI rebounded on rising domestic and overseas demand. Vietnam’s PMI rebounded from a 10-month low of 51.5 in September to reach 53.9 thanks to strong demand, reflected by rising new orders, especially new export orders, which increased at the fastest rate in three months. This should point to strong production activity in the coming months. The index of industrial production (IIP) increased 10.4% YoY in 10M 2018, of which manufacturing IIP grew 12.7% YoY, contributing 9.8