Macao: Vietnam’s manufacturing production decreased for the second successive month in February, according to a report released by SandP Global Market Intelligence on Monday.
According to Namibia Press Agency, in February, the SandP Global Vietnam Manufacturing Purchasing Managers’ Index was below the 50.0 no-change mark for the third consecutive month, despite rising slightly to 49.2 from 48.9 in January. Weak demand led to further reductions in new orders and production.
Andrew Harker, economics director at SandP Global Market Intelligence, noted that issues with transportation were a key headwind for the sector in February, with respondents citing problems with the speed and availability of freight, as well as higher costs. “Firms will be hoping to see an alleviation of these supply-side constraints, alongside demand improvements, as the year progresses,” he said.