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 production recovery, 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 seen positive improvements. Business conditions in June reached the second highest level since November 2018.

In addition, the number of new export orders also increased at the fastest rate since February 2022. As a result, prices of goods sold were also recorded to increase for the second consecutive month. The availability of raw materials also helped manufacturers speed up the delivery process in June.

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