The IHS Markit Myanmar Manufacturing PMI rose to 33.0 in April 2020 from a record low of 27.5 in March. Still, this was the eighth straight month of contraction in factory activity, amid political turmoil following a military-staged coup that led to nationwide protests and factory closures. Output, new orders, and buying activity all contracted at the fifth-fastest rates since the survey began in December 2015. employment fell for the eighth straight month, with the latest decline the fourth-sharpest in the survey history. Purchasing activity declined markedly again, despite e easing from March's nadir. Regarding prices, input price inflation hit its highest since November 2018, amid a combination of material shortages, unfavorable exchange rate movements and higher transportation costs, Meantime, selling prices increased modestly, amid a weak demand environment. Looking ahead, sentiment reached its lowest in over two years. source: Markit Economics
Manufacturing PMI in Myanmar averaged 48.41 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 May of 2021.
Manufacturing PMI in Myanmar is expected to be 30.00 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 50.00 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.