Manufacturing sector recovers, PMI index exceeds 50

(CTO) - The number of new orders increased for the first time in 4 months, the health of Vietnam's manufacturing industry recovered in the short term.

S&P Global has just announced that the Purchasing Managers' Index (PMI) of Vietnam's manufacturing industry in July 2025 reached 52.4 points, up from 48.9 points in June and for the first time in 4 months, the index exceeded 50 points. This shows that the health of Vietnam's manufacturing industry has improved in parallel with business conditions.

“The July PMI data suggest that Vietnam’s manufacturing sector is recovering from the disruption caused by the announcement of US tariffs in recent months,” said Andrew Harker, chief economist at S&P Global Market Intelligence. “Although tariffs continued to depress new export orders, firms were able to secure sufficient orders from elsewhere for total new orders to rebound.”

Despite some optimism, some survey respondents also said that US tariffs were having a negative impact on the ability to increase new orders. Firms also worried about difficulties in sourcing raw materials, especially from abroad, which would increase input costs and put significant pressure on output prices. Manufacturers remained optimistic that output would increase next year, but business sentiment fell to a three-month low and well below the historical average of the PMI.

GB

Source: https://baocantho.com.vn/nganh-san-xuat-phuc-hoi-chi-so-pmi-vuot-nguong-50-a189122.html