Asia UnhedgedReal-time intel on what moves markets
Manufacturing doing the heavy lifting for Vietnam in Q1
Encouraging PMI data offset struggling sectors
The latest PMI data coming out of Vietnam bodes well for the country’s outlook for the next couple of months, according to IHS Markit.
- Headline manufacturing PMI posted the highest quarterly average in six years for the first quarter of 2017.
- The rate of output growth accelerated to the strongest since May 2015, amid a sharp rise in new orders.
- Job creation also grew at a sharper pace.
- Agriculture and industrial production, however, lagged behind manufacturing to start the year.
Must-reads from across Asia - directly to your inbox