Vietnam's PMI drops below bet88 net0 no-change mark in December

The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) dipped below bet88 net0 no-change mark for the first time in three months during December 2024, posting 49.8 from 50.8 in November, according to the latest report released by S&P Global on January 2.

bet88 net reading signaled a fractional deterioration in overall business conditions at bet88 net end of this year.

bet88 net worsening in bet88 net health of bet88 net sector was recorded in spite of increases in output and new orders, as firms scaled back their employment and stocks of purchases.

Although both output and new orders increased in December, rates of expansion were only slight and bet88 net weakest in bet88 net respective three-month growth sequences. Some firms signaled demand improvements, while others reported that market conditions had softened.

While total new business continued to rise, new export orders decreased for bet88 net second month running and at a solid pace.

Concerns about global market instability and uncertainty caused a drop in confidence regarding bet88 net year-ahead outlook for production. Sentiment fell markedly in December and was bet88 net lowest since May 2023. Hopes for increases in new orders, an improvement in economic conditions and bet88 net resolution of some of bet88 net conflicts around bet88 net world meant that firms were on balance optimistic that output will expand, however.