Vietnam manufacturing PMI drops to 51.6 in May
The Nikkei Vietnam Manufacturing Purchasing Managers’ Index, or PMI, fell to a 14-month low of 51.6 in May from 54.1 in April. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. “Output and new orders each rose at much weaker rates, with firms reducing their pace of job creation accordingly,” said Andrew Harker at IHS Markit, which compiles the survey.
