Vietnam’s manufacturing sector continued to expand in March, as output and new orders rose further, the results of a survey by Markit Economics showed Wednesday.

The seasonally adjusted purchasing managers’ index, or PMI, dropped to 50.7 in March from 51.7 in the previous month. However, any reading above indicates expansion in the sector. Operating conditions have now improved in each of the past 19 months.

Manufacturing production increased for the eighteenth successive month and at a solid pace, driven by higher new orders. New business continued to rise in March, but at a modest pace that was the slowest since October 2014.

Manufacturers reduced their staffing levels for the first time in seven months in March, but the rate of job shedding was only modest.

On the price front, input costs fell sharply in March, dragged down by lower fuel prices. This helped firms to cut their selling costs during the month and charges have fallen in each month since October 2014.

The material has been provided by InstaForex Company –