The IHS Markit Myanmar Manufacturing PMI rose to 36.5 in August 2021 from 33.5 a month earlier. The latest reading, however, pointed to the 12th straight month of contraction in the manufacturing sector, amid a resurgence of COVID-19 cases and political instability following a military-staged coup in February. Output, new orders, employment all contracted at slower paces. At the same time, purchases continued to fall, with post-and pre-production inventory holdings dropping at an accelerated pace. Meantime, supply chains continued to be impacted by raw material shortages, but the degree to which lead times lengthened was marginal. Turning to prices, unfavorable exchange rate movements, and raw material brought the rate of inflation to be much sharper than the long-run trend level but softened for the third month in a row. Meantime, output price inflation eased to a four-month low. Lastly, sentiment dipped into negative territory for the first time in the series history. source: Markit Economics
Manufacturing PMI in Myanmar averaged 47.73 points from 2016 until 2021, reaching an all time high of 55.50 points in April of 2018 and a record low of 27.50 points in March of 2021. This page provides - Myanmar Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Myanmar Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Manufacturing PMI in Myanmar is expected to be 35.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Myanmar Manufacturing PMI is projected to trend around 52.00 points in 2022, according to our econometric models.