Vietnam Manufacturing PMI Falls To 48.9 - S&P Global

(RTTNews) - The manufacturing sector in Vietnam continued to contract in January, and at a faster pace, the latest survey from S&P Global revealed on Monday with a PMI score of 48.9

That's down from 49.8 in December, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

The deterioration in operating conditions was modest, but slightly more pronounced than was the case in the previous survey period. New orders decreased for the first time in four months during January amid reports from panelists of subdued customer demand.

The drop in total new business in part reflected a reduction in new export orders, which decreased for the third month running. The reduction in new orders fed through to a fall in production, also for the first time in four months.