Vietnam’s manufacturing PMI hits 5-month low in Nov 2023: S&P Global
In November 2023, Vietnam’s manufacturing purchasing managers' index (PMI) fell to a five-month low of 47.3, decreasing from 49.6 in October 2023, according to S&P Global. This decline indicates a significant monthly worsening in the sector's business conditions, marking the third consecutive month of deterioration.Manufacturers faced a renewed reduction in new orders during November, thereby ending a three-month sequence of growth. The pace of decline was solid and the most marked since May. Weaker customer demand was reportedly behind the fall in new business. Waning demand extended to international customers as new export business decreased for the first time in four months. Some panellists reported that clients had been reluctant to pay increased prices for products.With new orders...







