February 03, 2025 01:22 GMT
ASIA: VIETNAM PMI’s Decline Further in January.
ASIA
- Vietnam’s PMI’s declined in January to +48.9 from +49.8 in December, the second consecutive month of contraction.
- Output declined to +49 from +50.7
- New orders fell from the prior month.
- Whilst a worrying trend, the overall state of the Vietnamese economy remains strong with 4Q GDP ahead of consensus at +7.09%, CPI moderate and exports extremely strong.
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