Hanoi, Nov 1 (SocialNews.XYZ) Vietnam's manufacturing sector in October started to recover from the effects of September's typhoon, recording renewed increases in both output and new orders, according to an S&P Global Market Intelligence report released on Friday.
The country's manufacturing Purchasing Managers' Index posted 51.2 in October, up from 47.3 in September and back above the 50.0 no-change mark following the disruption caused to the sector by Typhoon Yagi in the previous month, reports Xinhua news agency, citing S&P.
Alongside the rise in total new business, Vietnam's new export orders also increased in October, according to the report.
Andrew Harker, economics director at S&P Global Market Intelligence, said, "October data showed that the recovery from the disruption caused by Typhoon Yagi got underway during the month, with firms seeing a rise in new orders and being able to expand their production."
"We should hopefully, therefore, see growth pick-up as more manufacturers get back up to full capacity towards the year-end," he said.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
