HANOI (Xinhua): 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 a S&P Global Market Intelligence report released to the media.
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, said the report.
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. - Xinhua
