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NEWS: Vietnam's manufacturing PMI rises to 53.3 in September

The Nikkei Vietnam Manufacturing Purchasing Managers' Index, or PMI, rose in September, with faster rises in output, new orders and employment on the back of stronger customer demand

The composite indicator of manufacturing performance stood at 53.3 in September, up from 51.8 in August. A reading above 50 indicates economic expansion, while one below 50 points toward contraction. 

"New orders rose markedly, feeding through to faster expansion of output, employment, and purchasing activity. Manufacturers are, therefore, well placed to record further growth during the final quarter," said Andrew Harker, associate director at IHS Markit, which compiles the survey.

"A cautionary note, though, is signaled by a reemergence of inflationary pressures. Cost inflation was the strongest in over six years amid pressure on the supply of raw materials," he added.

Source: https://asia.nikkei.com