The IHS Markit Myanmar Manufacturing PMI increased to 43.2 in November 2020 from the second-lowest reading on record of 30.6 in October. Still, this was the third straight month of contraction in the sector, amid suspended factory operations and subdued demand conditions. Output, new orders, employment and purchasing activity all recorded sharp reductions. The backlogs of work indicator rose sharply since October, signalling renewed capacity pressures. At the same time, vendor performance deteriorated with pressures at supply chains accumulating. On the price front, input cost inflation accelerated, with material shortages often mentioned by panel members. At the same time, efforts to encourage sales were linked to a fall in factory gate prices. Finally, confidence remained subdued. source: Markit Economics
Manufacturing PMI in Myanmar averaged 49.57 points from 2016 until 2020, reaching an all time high of 55.50 points in April of 2018 and a record low of 29 points in April of 2020. 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 December of 2020.
Manufacturing PMI in Myanmar is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Myanmar to stand at 53.00 in 12 months time. In the long-term, the Myanmar Manufacturing PMI is projected to trend around 52.40 points in 2021, according to our econometric models.