The IHS Markit Myanmar Manufacturing PMI rose to 52.7 in January 2020 from a three-month low of 52.0 a month earlier, signalling a solid overall improvement in manufacturing business conditions. Production rose for a survey-record fifteenth successive month, with the rate of growth accelerating to the fastest in five months. In addition, new business increased also for a 15th month running and purchasing activity rose the most in five months, while stocks of inputs declined for the eighth month in a row. Employment grew for the 14th consecutive month, and at a rate that almost matched the survey record posted in May 2019. On the price front, January survey data signalled a lack of inflationary pressures as input prices rose at a marginal rate and output prices were cut for the second month. Lastly, business sentiment strengthened to a six-month high on new products, upgraded machinery and the opening of new sites.

Manufacturing Pmi in Myanmar averaged 51.19 points from 2016 until 2020, reaching an all time high of 55.50 points in April of 2018 and a record low of 46.40 points in August of 2018. This page provides - Myanmar Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Markit Economics

Manufacturing Pmi in Myanmar is expected to be 52.50 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 52.40 points in 2021, according to our econometric models.


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Myanmar Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
52.70 52.00 55.50 46.40 2016 - 2020 points Monthly


News Stream
Myanmar Manufacturing Growth Accelerates
The IHS Markit Myanmar Manufacturing PMI rose to 52.7 in January 2020 from a three-month low of 52.0 a month earlier, signalling a solid overall improvement in manufacturing business conditions. Production rose for a survey-record fifteenth successive month, with the rate of growth accelerating to the fastest in five months. In addition, new business increased also for a 15th month running and purchasing activity rose the most in five months, while stocks of inputs declined for the eighth month in a row. Employment grew for the 14th consecutive month, and at a rate that almost matched the survey record posted in May 2019. On the price front, January survey data signalled a lack of inflationary pressures as input prices rose at a marginal rate and output prices were cut for the second month. Lastly, business sentiment strengthened to a six-month high on new products, upgraded machinery and the opening of new sites.
2020-02-03
Myanmar Manufacturing Growth Remains Solid
The IHS Markit Myanmar Manufacturing PMI fell to a three-month low of 52.0 in December 2019 from 52.7 in the prior month, but comfortably above the four-year long-run trend of 51.1. Moreover, across 2019 as a whole the PMI has averaged 52.7, the highest for a calendar year since the survey began. New orders grew slightly softer than in both October and November, while output expanded further. Meanwhile, employment growth accelerated and was the third-fastest since January 2017. In terms of prices, manufacturers benefited from record low cost inflationary pressures, as average input prices registered almost no increase since November, while output prices fell for the first time since January and for only the fifth time in the four-year survey history. Finally, confidence hit five-month high, supported by planned opening of new factories and plant machinery upgrades.
2020-01-02
Myanmar Manufacturing Growth Eases
The IHS Markit Myanmar Manufacturing PMI slipped to 52.7 in November 2019 from a four-month high of 53.0 in October amid softer rises in both output and employment. Meantime, new orders grew the most since June, while buying activity increased at the fastest rate in three months. In terms of prices, input price inflation slowed to a survey-record low. Meanwhile, factory gate prices went up at the slowest rate since April, though this was the first time in the survey history charges rose more sharply than input prices. Looking ahead, sentiment strengthened to a three-month high, but remained softer than the long-run survey average.
2019-12-02
Myanmar Manufacturing PMI Rises to 4-Month High
The IHS Markit Myanmar Manufacturing PMI rose to a four-month high of 53.0 in October 2019 from 52 in the previous month. Output rose for the twelfth month in a row and new orders also increased, with the pace of expansion quickening to the fastest since June. Greater production requirements led firms to increase workforce numbers, while buying activity also rose modestly. On the price front, input price inflation eased to the slowest in April, although raw material shortages and rising utility prices continued to push up cost burdens. Meantime, average prices charged increased marginally and at the softest rate since April. Lastly, the level of positive sentiment weakened to the lowest since February.
2019-11-01

Myanmar Manufacturing PMI
The IHS Markit Myanmar Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 450 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.