The IHS Markit Myanmar Manufacturing PMI plunged to 35.9 in September 2020 from August's 15 month high of 53.2. This was the second-lowest reading on record due to a range of new lockdown measures aimed at fighting a surge in COVID-19 cases. The contraction in output was the second-fastest in the survey history, as factories temporarily closed in key industrial zones in Yangon province. Also, new work fell at the second-fastest rate since the survey began, amid weak export orders, particularly from Asian markets including India, Thailand, Vietnam, and Qatar. Employment fell sharply after rising in August; while buying levels declined markedly, leading to the strongest rate of input destocking since March. At the same time, deflationary pressures remained, with input prices falling for the fifth-month running and output charges cut at a record pace. Lastly, sentiment hit its lowest since April. source: Markit Economics
Manufacturing Pmi in Myanmar averaged 50.07 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 October of 2020.
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.