The IHS Markit Myanmar Manufacturing PMI went up to 44.7 in December 2020 from 43.2 a month earlier. This was the fourth straight month of contraction in factory activity but the softest in the sequence, amid ongoing restrictions in key regions such as Yangon. Both output and new orders fell the least in the current four-month period of contraction. At the same time, employment dropped for the fourth month in a row, with the rate of contraction among the sharpest in the series history. Buying activity also fell markedly and slightly faster than that seen in November. Meantime, backlogs of works accumulated at the sharpest rate since the series began in December 2015. On the price front, input cost inflation hit its highest since November 2018, while firms passed higher cost burdens on to clients for the first time since February. Finally, sentiment strengthened to a six-month high. source: Markit Economics
Manufacturing PMI in Myanmar averaged 49.48 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 January of 2021.
Manufacturing PMI in Myanmar is expected to be 48.00 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 52.00 in 12 months time. In the long-term, the Myanmar Manufacturing PMI is projected to trend around 52.00 points in 2022, according to our econometric models.