Manufacturing sector continues to improve

Steady progress: A yacht sails past a luxury apartment complex in Ho Chi Minh City. Overall business conditions in the country’s manufacturing sector improved for the second month running in November. — AFP

HANOI: The Vietnam Manufacturing Purchasing Managers’ Index (PMI) ticked up to 52.2 in November from 52.1 in October, signalling a second successive modest improvement in business conditions following a period of decline caused by the fourth wave of the Covid-19 pandemic earlier in the year, according to IHS Markit.

In a report released on Wednesday, IHS Markit said overall business conditions in the Vietnamese manufacturing sector improved for the second month running in November, but renewed worries about the Covid-19 pandemic and associated labour shortages limited growth momentum.