HSBC: VN’s manufacturing activities strengthened

10:22 | 04/11/2014

VGP – The HSBC/Markit Manufacturing Purchasing Managers’ Index (PMI) posted 51.0 in October, down slightly from September’s reading of 51.7, but still signalling an overall improvement in operating conditions in the sector, Markit Economics said in a statement.

Growth in Viet Nam’s factory sector improved slightly in October as output and new orders increased and the rate of job creation reached a nine-month high since January, 2014.

New orders had been boosted by new export sales which increased at the fastest pace in six months, the statement said.

The decreased spending inflation helped companies reduce output costs and support customers to cut expenditures. In addition, time of goods delivery was shortened for the first time in ten months./.

By Kim Loan