PMI index soars in June, industrial production recovers strongly

S&P Global's report shows that Vietnam's PMI (Purchasing Managers' Index) increased sharply to 54.7 points in June alone compared to 50.3 points in May. This shows a strong recovery of domestic industrial production.

PMI index increased sharply in June, industrial production in Vietnam recovered strongly (Photo TL)

According to many experts, the growth in production in June came from a rapid increase in orders. From there, companies increased production and raw material purchases. The number of recruited workers also increased for the first time in 3 months of the second quarter.

Along with the recovery of production, input costs also show signs of increasing faster, especially transportation costs and oil prices.

Not only is the manufacturing sector showing signs of recovery, but business conditions have also improved positively. Business conditions in June reached the second highest level since November 2018.

New export orders also grew at the fastest pace since February 2022. Prices of goods sold also rose for the second consecutive month. Availability of raw materials also helped manufacturers speed up deliveries in June.

Source: https://www.congluan.vn/chi-so-pmi-tang-vot-trong-thang-6-san-xuat-cong-nghiep-hoi-phuc-manh-post301870.html