The S&P Global Myanmar Manufacturing PMI dropped to 49.9 in May 2022 from 50.4 in the prior month, amid geopolitical uncertainties and the country's slow response to COVID-19. Output and new orders both declined after mild expansions in April, leading to a sharper reduction in purchasing activity. Moreover, supply chains remained under immense pressure, with average lead times for inputs increasing at the quickest pace on record. Meanwhile, the employment index remained in expansionary territory, but its momentum weakening momentum. On prices, inflationary pressures remained elevated, with the rate of input price inflation quickening slightly from April, amid supply shortages, unfavorable exchange rates and higher material prices. Meantime, the rate of output price inflation did ease to a four-month low. Lastly, sentiment improved slightly but remained subdued in the context of historical data. source: Markit Economics
Manufacturing PMI in Myanmar averaged 47.64 points from 2016 until 2022, 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 2022.
Manufacturing PMI in Myanmar is expected to be 52.00 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 2023, according to our econometric models.