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.