The IHS Markit Myanmar Manufacturing PMI rose to 39.7 in May 2020 from 33.0 in April. Still, this was the ninth straight month of contraction in factory activity, amid political instability following a military-staged coup in February that led to nationwide protests and factory closures. Both output and new orders fell at slower rates while employment shrank for the ninth straight month with workers continuing to return to their hometowns, and pre-and post-production inventories shrank at fresh record rates. Meanwhile, incomplete work rose with the rate of backlog accumulation the sharpest in the 5-1/2- year history of the survey. Also, material shortages remained evident, which were reflected in a near-record lengthening in suppliers’ delivery times. Regarding prices, both output and input prices rose at the fastest pace on record, amid strong inflationary pressures. Looking ahead, sentiment hit a series low. source: Markit Economics
Manufacturing PMI in Myanmar averaged 48.27 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 June of 2021.
Manufacturing PMI in Myanmar is expected to be 30.00 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 50.00 in 12 months time. In the long-term, the Myanmar Manufacturing PMI is projected to trend around 52.00 points in 2022, according to our econometric models.