Vietnam's Manufacturing PMI fell to 50.8 in November of 2024
Wednesday, December 4,2024AsemconnectVietnam - According to tradingeconomics.com, Vietnam’s Manufacturing PMI (The S&P Global Vietnam Manufacturing Purchasing Managers’ Index) fell to 50.8 in November of 2024 from 51.2 in October.
The figure marked the second straight month of growth in factory activity following the contraction caused by Typhoon Yagi in September of 2024.
The S&P Global Vietnam Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 manufacturing companies.
The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction.
A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
CK
Source: VITIC/tradingeconomics.com
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