The S&P Global Myanmar Manufacturing PMI was at 46.5 in August 2022, unchanged from July's nine-month low figure. The latest result marked the fourth straight month of contraction in the manufacturing sector, amid lingering political turmoil and the impact of the COVID hit. Output fell the most in 11 months, new orders shrank for the fourth month running, and employment dropped for the second straight month. Also, buying activity declined for the 30th consecutive month, with the rate of fall the fastest in a year and severe overall. Lead times lengthened at the fastest rate on record, due to delivery challenges and material scarcity. In terms of prices, input cost inflation was recorded among the fastest in the survey history, linked to unfavorable fluctuations of the kyat; while factory gate charges rose for the 21st month running, with the rate of inflation the second-fastest to date. Looking ahead, confidence was muted as firms expected no change in production levels. source: Markit Economics

Manufacturing PMI in Myanmar averaged 47.62 points from 2016 until 2022, 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 September of 2022.

Manufacturing PMI in Myanmar is expected to be 46.00 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 51.00 points in 2023 and 50.00 points in 2024, according to our econometric models.

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Myanmar Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 46.50 46.50 points Aug 2022

Myanmar Manufacturing PMI
The S&P Global 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
46.50 46.50 55.50 27.50 2016 - 2022 points Monthly

News Stream
Myanmar Manufacturing Shrinks for 4th Month
The S&P Global Myanmar Manufacturing PMI was at 46.5 in August 2022, unchanged from July's nine-month low figure. The latest result marked the fourth straight month of contraction in the manufacturing sector, amid lingering political turmoil and the impact of the COVID hit. Output fell the most in 11 months, new orders shrank for the fourth month running, and employment dropped for the second straight month. Also, buying activity declined for the 30th consecutive month, with the rate of fall the fastest in a year and severe overall. Lead times lengthened at the fastest rate on record, due to delivery challenges and material scarcity. In terms of prices, input cost inflation was recorded among the fastest in the survey history, linked to unfavorable fluctuations of the kyat; while factory gate charges rose for the 21st month running, with the rate of inflation the second-fastest to date. Looking ahead, confidence was muted as firms expected no change in production levels.
2022-09-01
Myanmar Manufacturing PMI Lowest in 9 Months
The S&P Global Myanmar Manufacturing PMI dropped to 46.5 in July 2022 from 48.2 in the prior month. This was the third straight month of contraction in the manufacturing sector and the steepest pace since October 2021, amid lingering political turmoil and economic challenges, with output and new orders shrinking faster. Also, employment fell for the first time in eight months, amid reports that an accumulation in backlogs eased considerably. Further, buying activity declined the most in ten months, with the rate of decrease across both pre- and post-production inventories remaining marked. On prices, cost pressures remained elevated. That said, the rate of input price inflation hit a six-month low, and output charges increased at the softest pace since last December. Raw material shortages also impacted vendor performance, which has been deteriorating for almost two years. Finally, sentiment stayed subdued amid a backdrop of weak demand conditions and considerable cost pressures.
2022-08-01
Myanmar Manufacturing PMI Lowest in 3 Months
The S&P Global Myanmar Manufacturing PMI dropped to a three-month low of 48.2 in June 2022 from 49.9 a month earlier. This was the second straight month of contraction in the manufacturing sector, amid lingering political uncertainty as well as material and electricity shortages. Output and new orders both shrank at faster rates; purchasing levels dropped the most since September 2021, on rising raw material prices; and the rate of job creation softened to a seven-month low. Meantime, suppliers’ delivery times lengthened at a near record pace, amid reports that levels of unfinished work increased for the twentieth straight month. In terms of prices, firms commented that a variety of inputs had risen in cost, such as raw materials and transport, which was partially passed on to customers in the form of higher selling prices. Finally, sentiment weakened, linked to worries over the downturn across the manufacturing sector.
2022-07-01