Vietnam's manufacturing PMI fell below 50 in March due to weak demand and reduced new orders.
Vietnam's manufacturing sector experienced its first decline in three months in March, with the PMI falling below the 50.0 no-change mark to 49.9, due to weakening demand and reduced new orders despite discounts. However, businesses remain optimistic about recovery and increased job creation in the coming months. The decline in March is attributed to weakening demand, which led to a reduction in new orders despite discounts being offered to boost sales. The PMI index serves as an indicator of the manufacturing sector's activity level, with readings above 50 suggesting expansion and those below indicating contraction.
April 01, 2024
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