The IHS Markit Myanmar Manufacturing PMI increased to 49.0 in December 2021 from 46.7 in the prior month. This was the highest reading since February 2020, amid moderation in political disruptions and COVID-19 infections, with output and new orders falling only fractionally and at the softest rates in the current downturn. Also, an expansion in headcount was seen for the first time in over a year as firms were able to source skilled workforces. Meanwhile, supply chains persisted which led to backlogs accumulating the most in the six-year history of the survey, surpassing the previous peak in October. At the same time, buying activity fell for the twenty-second month, due to difficulties in obtaining materials. On prices, both output and input costs went up further, reflecting higher transportation costs and material scarcity. Finally, firms remained optimistic that their output levels will expand over the course of 2022, amid plans to increase production and machinery upgrades. source: Markit Economics

Manufacturing PMI in Myanmar averaged 47.57 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 January of 2022.

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. In the long-term, the Myanmar Manufacturing PMI is projected to trend around 52.00 points in 2023, according to our econometric models.

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Myanmar Manufacturing PMI


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.
Actual Previous Highest Lowest Dates Unit Frequency
49.00 46.70 55.50 27.50 2016 - 2021 points Monthly

Related Last Previous Unit Reference
Manufacturing PMI 49.00 46.70 points Dec/21


News Stream
Myanmar Manufacturing PMI Rises to 16-Month High
The IHS Markit Myanmar Manufacturing PMI increased to 49.0 in December 2021 from 46.7 in the prior month. This was the highest reading since February 2020, amid moderation in political disruptions and COVID-19 infections, with output and new orders falling only fractionally and at the softest rates in the current downturn. Also, an expansion in headcount was seen for the first time in over a year as firms were able to source skilled workforces. Meanwhile, supply chains persisted which led to backlogs accumulating the most in the six-year history of the survey, surpassing the previous peak in October. At the same time, buying activity fell for the twenty-second month, due to difficulties in obtaining materials. On prices, both output and input costs went up further, reflecting higher transportation costs and material scarcity. Finally, firms remained optimistic that their output levels will expand over the course of 2022, amid plans to increase production and machinery upgrades.
2022-01-03
Myanmar Manufacturing Shrinks the Least in 10 Months
The IHS Markit Myanmar Manufacturing PMI increased to 46.7 in November 2021 from 43.3 in October. Operating conditions have deteriorated in each month since September 2020, but the downturn eased for the 4th month running and was the softest since January. Softer reductions were seen in output, new orders, and employment, amid ongoing political disruption and COVID-19 infections. However, the rate of reduction in buying activity was sharp, and in line with that seen in October. Meantime, backlogs rose at the second-quickest rate in the series history while lead times for inputs lengthened markedly due to curbs and a lack of input availability. On inflation, input cost rose for the fourteenth month in a row, which was linked to raw material scarcity, higher prices for oil and transport, and unfavorable exchange rate movements. Output price inflation was sharp, but in line with the average for 2021 so far. Lastly, confidence was at a ten-month high, on business expansion plans.
2021-12-01
Myanmar Factory Activity Shrink the Least in 9 Months
The IHS Markit Myanmar Manufacturing PMI increased to 43.3 in October 2021 from 41.1 in September. Manufacturing conditions have now deteriorated in each month since September 2020, with the latest decline being the softest in nine months, amid the ongoing COVID-19 crisis and political instability following a military-staged coup in February. Output shrank at the slowest rate since January, while a contraction in new orders eased for the third month running. Meantime, backlog accumulation accelerated to a record high on the back of voluntary resignations and restrictions that led workforces to return to their hometowns. On the cost side, input cost inflation rose to a five-month high and the second-fastest on record, reflecting transportation cost and unfavorable exchange rate. Factory gate charges rose at a faster pace and were the third strongest upsurge in the survey to date. Finally, sentiment remained positive but was still far below the long-run trend level.
2021-11-01