The IHS Markit Myanmar Manufacturing PMI plunged to 30.6 in October 2020 from 35.9 a month earlier. This was the second-lowest reading on record as the economic fallout from the COVID-19 crisis persisted, with the government putting many regions in tightening restrictions. Output, new orders and purchases all contracted at record rates. Also, job shedding continued after workers returned to their hometowns. In line with record falls in new work, purchasing operations were scaled back. The volume of inputs fell at the fastest rate on record, while stocks of purchases contracted at the joint-second fastest rate in the survey history. Vendor performance weakened for the second straight month. On the price front, inflationary pressures arose with cost burdens increasing modestly. Factory gate prices continued to fall in order to stimulate sales. Looking ahead, sentiment remained positive but it was weak in the historical context. source: Markit Economics
Manufacturing Pmi in Myanmar averaged 49.69 points from 2016 until 2020, 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 November of 2020.
Manufacturing Pmi in Myanmar is expected to be 50.00 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 53.00 in 12 months time. In the long-term, the Myanmar Manufacturing PMI is projected to trend around 52.40 points in 2021, according to our econometric models.