The IHS Markit Myanmar Manufacturing PMI fell to a three-month low of 52.0 in December 2019 from 52.7 in the prior month, but comfortably above the four-year long-run trend of 51.1. Moreover, across 2019 as a whole the PMI has averaged 52.7, the highest for a calendar year since the survey began. New orders grew slightly softer than in both October and November, while output expanded further. Meanwhile, employment growth accelerated and was the third-fastest since January 2017. In terms of prices, manufacturers benefited from record low cost inflationary pressures, as average input prices registered almost no increase since November, while output prices fell for the first time since January and for only the fifth time in the four-year survey history. Finally, confidence hit five-month high, supported by planned opening of new factories and plant machinery upgrades. Manufacturing Pmi in Myanmar averaged 51.15 points from 2016 until 2019, reaching an all time high of 55.50 points in April of 2018 and a record low of 46.40 points in August of 2018. source: Markit Economics
Manufacturing Pmi in Myanmar is expected to be 52.50 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 52.40 points in 2020, according to our econometric models.