Vietnam’s production dipped for the first time in three months, according to a report released by S&P Global Market Intelligence on Monday.
After recording marginal improvements in the opening two months of the year, business conditions in the Vietnamese manufacturing sector were broadly unchanged in March, said the report.
The S&P Global Vietnam manufacturing Purchasing Managers’ Index (PMI) dipped below the 50.0 no-change mark in March, posting 49.9 after a reading of 50.4 in February, according to the report.
There were signs of demand weakness in March, leading to a drop in new orders despite discounts being offered to help secure sales, it said.—Xinhua
