The manufacturing sector in Vietnam continued to expand in February, and at a faster pace, the latest survey from S&P Global revealed on Monday with a Purchasing Manager Index score of 54.3.
That’s up from 52.5 in January and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Manufacturing production increased rapidly in February, with the rate of expansion quickening to a 19-month high. Panelists reported that the preparation of products ahead of delivery to clients and stronger customer demand were behind the latest rise in output.
The ramping up of production helped lead to the smallest reduction in stocks of finished goods in just over two years. That said, post-production inventories still decreased slightly as products were shipped to customers.
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