VN manufacturing PMI hits 22-month high in March

Live Quote: On

RSS

My Page | Contact Us

RSS

RSS

Company A-Z | Stock Screener | My Portfolios | Streaming Quotes | Technical Analysis

Investing Tools

Useful Links

Saturday, June 1, 2024 4:09:29 PM - Markets open

VN-INDEX

1,261.72

-4.60/-0.36%

HNX-INDEX

243.09

-0.92/-0.38%

UPCOM-INDEX

95.88

+0.08/+0.08%

VN manufacturing PMI hits 22-month high in March

Vietnam News - 4/3/2017 2:36:39 PM

(0 ratings. You must sign in to rate.)

Print |

Add To Favorites |

Email |

RSS

The Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) rose to a 22-month high of 54.6 in March from 54.2 in February.

According to a Nikkei’s report released on Monday, the Vietnamese manufacturing sector ended the first quarter of the year on a positive note. The strengthening of business conditions was the most marked since May 2015.

In addition, Việt Nam’s reading remained the highest among ASEAN countries, the report wrote.

According to IHS Markit, which compiled the survey, improving client demand led to another sharp rise in new orders during March. The rate of growth in new export orders accelerated and was the fastest this year, so far.

"Particularly pleasing in the latest month was a near-record increase in employment as companies maintained optimism that workload will continue to expand in the near term at least," Andrew Harker at IHS Markit said.

"The manufacturing industry therefore looks set to continue to be a key driver of GDP growth in the first quarter and hopefully throughout 2017, for which HIS Markit forecasts a rise of 6.4 per cent," he added.

Newer News
27/05	MoIT to step up talks on new FTAs
25/05	Criteria for assessing FDI announced
25/05	VN’s automobile industry still faces challenges in implementing FTAs
13/05	Việt Nam's wood industry strives to match sustainable wood demands
13/05	Việt Nam's data centre sector is attractive to foreign investors
13/05	Businesses and people expect VAT cut extension to be approved
13/05	VN ranks second in the world in cryptocurrency ownership rankings
08/05	Enterprises urge petrol price stabilisation fund to be abolished
06/05	Việt Nam leads in export rice prices globally
02/05	CPI in April inches up 0.07%

Older News
31/03	HCM City’s CPI falls 0.09 percent in March
31/03	Anti-dumping steel tax imposed
31/03	United States and Việt Nam renew trade dialogue
31/03	SCIC works to improve corporate governance
30/03	Vietnam’s growth slows down to 5.1 percent in Q1
30/03	CPI goes up 4.96 percent year-on-year in first quarter
30/03	Việt Nam, Japan ink MoU to boost tourism
30/03	Agro, forestry, fishery export value up by 7.6%
28/03	Vinacomin must shape up: Deputy PM
24/03	Local reform must be hastened: businesses

Newsletter Signup

Top Stories

	VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
	Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
	Interest rates to rise but not have major impact on stock market: economist
	Businesses concerned about rising exchange rate pressure
	Gold bar auction to be resumed after 11 years of suspension