S&P Global: Vietnam’s manufacturing PMI down in Nov. ’24

The S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) remained above the 50.0 threshold, indicating growth, but declined to 50.8 in November 2024 from 51.2 in October.

Total new orders rose, driven by improving demand and new customer acquisitions, but weak international demand hindered overall growth. Foreign business declined significantly, with exports falling to their lowest level since July 2023.

Output and new orders increased at a slower pace in November, while employment declined for the second consecutive month as some firms reduced staffing to cut costs, as per the S&P Global report.

Attribution: S&P Global report

Subediting: M. S. Salama