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VIETNAM MANUFACTURING PMI FALLS TO 54.1 IN APRIL

2017-06-07 17:32:44

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VIETNAM MANUFACTURING PMI FALLS TO 54.1 IN APRIL

 

TOKYO -- The Nikkei Vietnam Manufacturing Purchasing Managers' Index, or PMI, fell to 54.1 in April from March's 22-month high of 54.6.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.

"A record rise in exports was the key highlight from the latest Vietnam Manufacturing PMI survey as firms once again displayed a good ability to secure new work in international markets," said Andrew Harker at IHS Markit, which compiles the survey.

"This success fed through to improvements throughout the sector, with production, employment and purchasing activity all rising solidly in April. The manufacturing sector therefore remains a star performer in Vietnam at the start of Q2," he added.

(Nikkei)

 

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