The IHS Markit Myanmar Manufacturing PMI increased to 41.1 in September 2021 from 36.5 a month earlier. The latest reading pointed to the 13th straight month of contraction in the manufacturing sector, but the weakest contraction since June, amid a resurgence of COVID-19 cases and political instability following a military-staged coup in February. Both output and new orders contracted at slower paces. At the same time, employment fell for the thirteenth month in a row amid factory closures. Lower staffing levels and factory closures left firms unable to complete new orders and, as a result, backlogs rose at the quickest rate in the series history. Turning to prices, unfavorable exchange rate movements, and raw material shortages exerted upward pressure on inflation. In response to higher costs, companies lifted their charges, and at the fourth-quickest rate in the series history. Lastly, sentiment improved, turning positive. source: Markit Economics
Manufacturing PMI in Myanmar averaged 47.62 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 October 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.