The IHS Markit Myanmar Manufacturing PMI fell to a fresh record low of 27.5 in March 2021 from 27.7 a month earlier, amid a deepening political turmoil following a military-staged coup that led to nation-wide protests and factory closures. Both output and new orders shrank at rapid rates, while workforce numbers were at a near-record decline as employees returned to their hometowns. Backlogs of work, meantime, rose at the fastest rate in the survey history. Protests added to supply chain disruption, with vendor performance deteriorating solidly. Prices data showed input prices rose for the sixth month in a row due to material shortages, and higher transportation costs. Selling prices rose modestly as the firm's ability to pass on cost was limited on the back of weak overall demand. Looking ahead, confidence moderated to the lowest since last September and was far below the long-run series average. source: Markit Economics
Manufacturing PMI in Myanmar averaged 48.68 points from 2016 until 2021, 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 April of 2021.
Manufacturing PMI in Myanmar is expected to be 35.00 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.