The S&P Global Myanmar Manufacturing PMI dropped to a three-month low of 48.2 in June 2022 from 49.9 a month earlier. This was the second straight month of contraction in the manufacturing sector, amid lingering political uncertainty as well as material and electricity shortages. Output and new orders both shrank at faster rates; purchasing levels dropped the most since September 2021, on rising raw material prices; and the rate of job creation softened to a seven-month low. Meantime, suppliers’ delivery times lengthened at a near record pace, amid reports that levels of unfinished work increased for the twentieth straight month. In terms of prices, firms commented that a variety of inputs had risen in cost, such as raw materials and transport, which was partially passed on to customers in the form of higher selling prices. Finally, sentiment weakened, linked to worries over the downturn across the manufacturing sector. source: Markit Economics

Manufacturing PMI in Myanmar averaged 47.65 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 July of 2022.

Manufacturing PMI in Myanmar is expected to be 49.20 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.

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Myanmar Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 48.20 49.90 points Jun 2022

Myanmar Manufacturing PMI
The S&P Global 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.
Actual Previous Highest Lowest Dates Unit Frequency
48.20 49.90 55.50 27.50 2016 - 2022 points Monthly

News Stream
Myanmar Manufacturing PMI Lowest in 3 Months
The S&P Global Myanmar Manufacturing PMI dropped to a three-month low of 48.2 in June 2022 from 49.9 a month earlier. This was the second straight month of contraction in the manufacturing sector, amid lingering political uncertainty as well as material and electricity shortages. Output and new orders both shrank at faster rates; purchasing levels dropped the most since September 2021, on rising raw material prices; and the rate of job creation softened to a seven-month low. Meantime, suppliers’ delivery times lengthened at a near record pace, amid reports that levels of unfinished work increased for the twentieth straight month. In terms of prices, firms commented that a variety of inputs had risen in cost, such as raw materials and transport, which was partially passed on to customers in the form of higher selling prices. Finally, sentiment weakened, linked to worries over the downturn across the manufacturing sector.
2022-07-01
Myanmar Manufacturing Broadly Stagnates
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.
2022-06-01
Myanmar Manufacturing Grows for 1st Time in 20 Months
The S&P Global Myanmar Manufacturing PMI rose to 50.4 in April 2022 from 47.1 the prior month. This was the first growth in factory activity since August 2020, amid modest improvement in both COVID-19 situation and despite political uncertainty due to the military-staged coup last year. There was a renewed increase in both output and new orders while job creation accelerated to a record high. Meantime, average lead times lengthened markedly and for the 20th straight month as poor stock availability at suppliers led to delivery delays. On prices, both input price and output charge inflation remained historically elevated and were among the steepest recorded since data were first collected in December 2015. Looking ahead, sentiment strengthened slightly after weakening in the prior period, on optimism toward new product launching and planned company expansions.
2022-05-02