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.