The manufacturing sector in Vietnam continued to contract in July, albeit at a slower rate, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 48.7.
That's up from 46.2 in June, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
The trend in the headline index was matched by a number of the survey's sub-indices in July, with rates of contraction in output, new orders and employment the weakest in the respective sequences of reduction which stretch back to March in all cases.
In particular, new orders decreased only marginally in July amid some signs of demand stabilizing. That said, manufacturers signaled that demand remained subdued overall, particularly in export markets.
