The IHS Markit Myanmar Manufacturing PMI jumped to 51.7 in July 2020 from 48.7 in the prior month. The latest reading pointed to the first increase in the sector since January, as the country started to recover from the shock triggered by the COVID-19 pandemic. Both output and new orders grew for the second straight month and at the fastest pace since January. Meanwhile, export sales remained weak, notably from Japan, India, Europe, and the US. Also, employment continued to contract, reflecting a further decline in backlogs of work and a weak business outlook, with firms' 12-month output expectations remaining historically subdued amid the pandemic. Prices data showed both input and output prices fell the most since December 2015.
Manufacturing Pmi in Myanmar averaged 50.29 points from 2016 until 2020, reaching an all time high of 55.50 points in April of 2018 and a record low of 29 points in April of 2020. 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 August of 2020. source: Markit Economics
Manufacturing Pmi in Myanmar is expected to be 50.00 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 51.00 in 12 months time. In the long-term, the Myanmar Manufacturing PMI is projected to trend around 52.40 points in 2021, according to our econometric models.