Vietnam PMI - Purchasing Managers Index
The Vietnam Manufacturing PMI is a leading indicator of manufacturing sector health.
About PMI
- Publisher: S&P Global
- Frequency: Monthly
- Coverage: Manufacturing sector
- Scale: 0-100 (50 = neutral)
PMI Interpretation
| Score | Meaning |
|---|---|
| > 50 | Expansion |
| = 50 | No change |
| < 50 | Contraction |
PMI Components
| Component | Weight | Description |
|---|---|---|
| New Orders | 30% | Demand indicator |
| Output | 25% | Production levels |
| Employment | 20% | Workforce changes |
| Suppliers' Delivery Times | 15% | Supply chain |
| Stocks of Purchases | 10% | Inventory |
Vietnam PMI Trend (2024)
| Month | PMI | Status |
|---|---|---|
| January | 50.3 | Expansion |
| February | 50.4 | Expansion |
| March | 49.9 | Slight contraction |
| April | 50.3 | Expansion |
| May | 50.9 | Expansion |
Historical Average
| Year | Average PMI |
|---|---|
| 2021 | 49.8 |
| 2022 | 52.1 |
| 2023 | 49.5 |
| 2024* | 50.4 |
Leading Indicator
PMI is a forward-looking indicator of economic activity.