Asia Unhedged | Manufacturing doing the heavy lifting for Vietnam in Q1
Source: IHS Markit, Nikkei
Source: IHS Markit, Nikkei
Asia UnhedgedReal-time intel on what moves markets

Manufacturing doing the heavy lifting for Vietnam in Q1

Encouraging PMI data offset struggling sectors

April 6, 2017 2:33 AM (UTC+8)

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.
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