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.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Myanmar Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
43.20 30.60 55.50 29.00 2016 - 2020 points Monthly


News Stream
Myanmar Factory Activity Shrinks at Softer Pace
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.
2020-12-01
Myanmar Manufacturing PMI Hits Second Lowest on Record
The IHS Markit Myanmar Manufacturing PMI plunged to 30.6 in October 2020 from 35.9 a month earlier. This was the second-lowest reading on record as the economic fallout from the COVID-19 crisis persisted, with the government putting many regions in tightening restrictions. Output, new orders and purchases all contracted at record rates. Also, job shedding continued after workers returned to their hometowns. In line with record falls in new work, purchasing operations were scaled back. The volume of inputs fell at the fastest rate on record, while stocks of purchases contracted at the joint-second fastest rate in the survey history. Vendor performance weakened for the second straight month. On the price front, inflationary pressures arose with cost burdens increasing modestly. Factory gate prices continued to fall in order to stimulate sales. Looking ahead, sentiment remained positive but it was weak in the historical context.
2020-11-03
Myanmar Manufacturing PMI Hits Second-Lowest in History
The IHS Markit Myanmar Manufacturing PMI plunged to 35.9 in September 2020 from August's 15 month high of 53.2. This was the second-lowest reading on record due to a range of new lockdown measures aimed at fighting a surge in COVID-19 cases. The contraction in output was the second-fastest in the survey history, as factories temporarily closed in key industrial zones in Yangon province. Also, new work fell at the second-fastest rate since the survey began, amid weak export orders, particularly from Asian markets including India, Thailand, Vietnam, and Qatar. Employment fell sharply after rising in August; while buying levels declined markedly, leading to the strongest rate of input destocking since March. At the same time, deflationary pressures remained, with input prices falling for the fifth-month running and output charges cut at a record pace. Lastly, sentiment hit its lowest since April.
2020-10-01
Myanmar Manufacturing PMI Rises to 15-Month High
The IHS Markit Myanmar Manufacturing PMI rose to 53.2 in August 2020 from 51.7 a month earlier. This was the steepest growth in the sector since May 2019 and the fifth-highest reading in the survey history, as the economy continued to reopen following the lockdown applied to contain the COVID-19. Output grew the most since April 2018, new orders gained at the fastest rate since November 2019, and employment rose for the first time since January. Meantime, buying activity fell further, as firms continued to cut input stocks. Weak overall demand for inputs resulted in quicker supplier delivery times, only the third such occurrence in the survey history. Prices data showed input prices fell for the fourth month running, while output pricesfell more as firms attempted to stimulate sales. Finally, sentiment remained weak.
2020-09-01

Myanmar Manufacturing PMI
The IHS Markit Myanmar Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 450 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.