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.

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Myanmar Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 49.90 50.40 points May 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
49.90 50.40 55.50 27.50 2016 - 2022 points Monthly

News Stream
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
Myanmar Manufacturing Shrinks the Most in 4 Months
The S&P Global Myanmar Manufacturing PMI dropped to 47.1 in March 2022 from 47.3 in February, pointing to the 19th straight month of contraction. The latest figure also marked the steepest decline in factory activity in 4 months, amid the repercussions of the military-staged coup, COVID19, power cuts and global supply shortages. Both output and new orders shrank the most in 5 months, and firms reduced buying levels while backlogs rose at the second-quickest on record. Meantime, hiring activity continued with headcounts rising for the 4th straight month. On the prices side, input cost inflation accelerated to the fastest on record, while output charges were increased at the second-quickest pace in the survey's history. Supply chains were once again impacted by pandemic curbs and material scarcity, with delivery times increasing to the greatest extent for two years. Finally, companies generally anticipated that production would remain unchanged over the coming year.
2022-04-01