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.

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Myanmar Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
27.50 27.70 55.50 27.50 2016 - 2021 points Monthly


News Stream
Myanmar Manufacturing PMI Hits New Record Low
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.
2021-04-01
Myanmar Manufacturing PMI Sinks to Record Low
The IHS Markit Myanmar Manufacturing PMI plunged to a record low of 27.7 in February 2021 from 47.8 in January, as political uncertainty following a military-staged coup led to factory closures. Output, new orders, purchasing, and stocks of both inputs and finished goods all contracted at fresh record rates as demand evaporated. Employment also shrank, with the rate of the drop being the third-fastest rate on record, while the accumulation of incomplete work went up modestly. Vendor performance deteriorated to be among the worst recorded in any month since the survey began. On the price front, material shortages and unfavorable exchange rate movements inflated the cost of raw materials. Firms passed on cost burdens by increasing their selling prices, albeit only marginally. Lastly, the degree of optimism eased from January’s 11-month high to the weakest in five months.
2021-03-01
Myanmar Manufacturing Shrinks at Softer Rate
The IHS Markit Myanmar Manufacturing PMI went up to 47.8 in January 2021 from 44.7 a month earlier. This was the softest pace of contraction in factory activity since an expansion in August 2020, amid factory closures due to ongoing COVID-19 restrictions. Output shrank for the fifth month in a row but at the weakest pace since September last year, while new orders fell the least in the current five-month downturn. Meantime, job shedding persisted, and buying activity dropped sharply as firms maintained their efforts to control inputs. Supply chain pressures continued to mount, with average lead times lengthening for the fifth month running. As for prices, input cost rose the most since November 2018, due to material shortages and higher transportation costs. Selling prices increased slightly, however, which indicated only a limited passing on of cost burdens to clients. Looking ahead, sentiment improved to an 11-month high but was still subdued in the context of historical survey.
2021-02-01
Myanmar Manufacturing Shrinks at Softer Pace
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.
2021-01-05

Myanmar Manufacturing PMI
The IHS Markit Myanmar Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 450 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.