Vietnam Manufacturing PMI Picks Up Steam In February - S&P Global

(RTTNews) - The manufacturing sector in Vietnam continued to expand in February, and at a faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 50.4.

That's up from 50.3 in January and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

New orders increased modestly for the second month running, with some survey respondents linking higher total new business to improved new orders from abroad. The rate of growth in new export orders slowed, however, and was only marginal.

Consistent with the picture for new orders, output growth was recorded for the second consecutive month in February. The latest rise was modest and broadly in line with that seen in January. Production increased in the consumer and investment goods sectors, but the intermediate goods category saw a reduction.