The IHS Markit Myanmar Manufacturing PMI sank to 33.5 in July 2021 from 41.5 in June, pointing to the 11th straight month of contraction, amid a resurgence of COVID-19 cases and political instability following a military-staged coup in February that led to nationwide protests and factory closures. Output, new orders, purchases, employment, and postproduction inventories all fell at quicker rates, with declines that were amongst the quickest in the series history. Meantime, backlogs rose for the ninth month running, with the rate of accumulation being robust, and the second-quickest in the series to date. Turning to prices, raw material shortages and unfavorable exchange rate movements against the dollar contributed to a solid rate of input price inflation, standing higher than the long-run average. Firms often reported raising their selling prices in an effort to protect profit margins. Lastly, the degree of optimism remained much lower than the long-run series average. source: Markit Economics
Manufacturing PMI in Myanmar averaged 47.91 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 August 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. In the long-term, the Myanmar Manufacturing PMI is projected to trend around 52.00 points in 2022, according to our econometric models.