Vietnam Manufacturing Sector Falls Further Into Contraction - S&P Global
(RTTNews) - The manufacturing sector in Vietnam continued to contract in June, and at a faster pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 48.9.
That's down from 49.8, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Central to the latest worsening in the overall health of the sector was a third successive fall in new orders. New business decreased modestly in June, but at a faster pace than in May. Demand conditions worsened particularly sharply in export markets, with new business from abroad declining to a much larger degree than total new orders.
In fact, the fall in new export business was the joint-fastest since September 2021, equal with that seen in May 2023. A number of respondents indicated that US tariffs had been behind the fall in new export orders.
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