The manufacturing sector in Vietnam continued to contract in May, albeit at a slower rate, the latest survey from IHS Markit revealed on Monday with a manufacturing PMI score of 42.7.
That’s up from 32.7 in April, although it remains beneath the boom-or- bust line of 50 that separates expansion from contraction.
Individually, employment continued to fall, while output prices were slashed in an attempt to secure new [business][1].
Disruption from the COVID-19 pandemic led to a sixth successive monthly decline in manufacturing production.
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