Vietnamese Purchasing Managers' Index remains below 50 mark in June
VOV.VN - A recently released survey by S&P Global indicates that the Vietnam Manufacturing Purchasing Managers' Index (PMI) rose to 46.2 in June from 45.3 in May.
This was the sharpest decline since September 2021, indicating the seventh deterioration in business conditions in the past eight months due to weakened demand.
The S&P Global showed that output and new orders fell again, reflecting power outages due to the impact of the heatwave affecting the country, with new export orders falling.
As a result, firms also reduced employment and purchasing activity for the fourth consecutive month, while backlogs of work continued to decline.
According to the survey, on the pricing front, input prices dropped for the second straight month and at the fastest since April 2020. Meantime, output prices fell for the third month in a row and the most since March 2011.
Finally, business sentiment remained subdued, despite picking up from May's six-month low, amid hopes for a recovery in market demand and the securing of new customers, it noted.