VN Manufacturing Purchasing Managers’ Index sees sharp riseThe Viet Nam Manufacturing Purchasing Managers’ Index rose by 1.2 points to 53.9 in May, signalling continued improvement in the country’s business conditions. Nikkei’s IHS Markit reported on June 1 that new orders rose at a faster pace than in April and the fastest pace in 14 months, mainly boosted by strong exports. Suppliers’ delivery times continued to lengthen marginally and purchasing managers in the survey blamed it on raw material shortages. “A record rise in new export orders is the key highlight in the latest Nikkei Viet Nam Manufacturing PMI, and is helping drive growth across the sector. Manufacturers are more willing to accept a lower profit margin to stimulate demand for goods and services, he added.—VNS

Source: VietNamNet News June 04, 2018 05:03 UTC