The IHS Markit Myanmar Manufacturing PMI went up to 47.8 in January 2021 from 44.7 a month earlier. This was the softest pace of contraction in factory activity since an expansion in August 2020, amid factory closures due to ongoing COVID-19 restrictions. Output shrank for the fifth month in a row but at the weakest pace since September last year, while new orders fell the least in the current five-month downturn. Meantime, job shedding persisted, and buying activity dropped sharply as firms maintained their efforts to control inputs. Supply chain pressures continued to mount, with average lead times lengthening for the fifth month running. As for prices, input cost rose the most since November 2018, due to material shortages and higher transportation costs. Selling prices increased slightly, however, which indicated only a limited passing on of cost burdens to clients. Looking ahead, sentiment improved to an 11-month high but was still subdued in the context of historical survey. source: Markit Economics
Manufacturing PMI in Myanmar averaged 49.45 points from 2016 until 2021, reaching an all time high of 55.50 points in April of 2018 and a record low of 29 points in April of 2020. 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 February of 2021.
Manufacturing PMI in Myanmar is expected to be 48.00 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 52.00 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.