That said, at 51.2, down from 54.0 in June, the index signalled a softer improvement.As such, output, new orders and employment all increased at weaker rates than in June. New orders increased for the 10th month running, but the rate of expansion eased to the weakest since April. New export business rose solidly, meanwhile, and at a faster pace than total new orders.The continued growth of new orders encouraged manufacturers to keep expanding production in July. That said, the latest rise was still above the series average amid reports of higher costs for oil, gas and freight. Similarly, output prices continued to rise, but the rate of inflation slowed and was only modest.Suppliers' delivery times neared stabilisation as the rate of lead time lengthening softened for the second month running to the weakest in 22 months.

Source: Viet Nam News August 08, 2022 04:50 UTC