The IHS Markit Myanmar Manufacturing PMI increased to 48.7 in June 2020 from 38.9 in the prior month, amid signs that the most extreme phase of COVID-19 disruption to the goods-producing sector had passed, with output and new orders both rising for the first time in four months. Meanwhile, employment continued to fall at a marked rate, although anecdotal evidence suggested that at least some layoffs were temporary. That said, backlogs of work dropped at the slowest pace in seven months. Average lead times for inputs lengthened again,, albeit by the least for four months. Regarding prices, input cost fell for the third time in four months, linked to weak demand, lower oil prices and the weakening US dollar against the Burmese kyat. Output prices fell for the sixth time in seven months, and at a slightly faster rate than in May. Finally, sentiment improved from April's 14-month low, but remained historically subdued.

Manufacturing Pmi in Myanmar averaged 50.26 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 July of 2020. source: Markit Economics

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 51.00 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
48.70 38.90 55.50 29.00 2016 - 2020 points Monthly


News Stream
Myanmar Manufacturing Shrinks at Softer Rate
The IHS Markit Myanmar Manufacturing PMI increased to 48.7 in June 2020 from 38.9 in the prior month, amid signs that the most extreme phase of COVID-19 disruption to the goods-producing sector had passed, with output and new orders both rising for the first time in four months. Meanwhile, employment continued to fall at a marked rate, although anecdotal evidence suggested that at least some layoffs were temporary. That said, backlogs of work dropped at the slowest pace in seven months. Average lead times for inputs lengthened again,, albeit by the least for four months. Regarding prices, input cost fell for the third time in four months, linked to weak demand, lower oil prices and the weakening US dollar against the Burmese kyat. Output prices fell for the sixth time in seven months, and at a slightly faster rate than in May. Finally, sentiment improved from April's 14-month low, but remained historically subdued.
2020-07-01
Myanmar Manufacturing Shrinks for 4th Month
The IHS Markit Myanmar Manufacturing PMI increased to 38.9 in May 2020 from a record low of 29.0 in the prior month, amid signs that the most extreme phase of COVID-19 disruption to the goods-producing sector had passed. Output, new orders and purchasing all declined at the second-fastest rates on record since the survey began in December 2015, while jobs and finished goods inventories fell at fresh record paces. Also, buying activity continued to fall, with the rate of decline being the second-fastest on record. Suppliers’ delivery times lengthened, albeit by less than in March and April. On the price front, input prices fell for the second time in three months as demand weakened. Meanwhile, prices charged for manufactured goods fell for the fifth time in six months. In both cases, the rate of reduction was only marginal. Lastly, business sentiment improved slightly amid expectations that production to resume in the coming months.
2020-06-01
Myanmar Manufacturing PMI Plunges to Record Low
The IHS Markit Myanmar Manufacturing PMI sank to 29.0 in April 2020 from 45.3 in a month earlier. The latest reading pointed to the third straight month of contraction in the sector and the steepest on record, as global coronavirus pandemic worsens. Output, new orders, purchasing and employment all contracted at fresh record rates as demand evaporated and workers returned to their hometowns. Meanwhile, the overall volume of outstanding business dropped at the fastest rate on record, reflecting the collapse in incoming new work. Inventories of finished goods also registered an unprecedented decline, with the respective index hitting a new low for the third month running. In terms of prices, input cost rose following a fall in March, while prices charged fell for the fourth time in five months. Lastly, manufacturers are broadly neutral regarding expected output, with this index moderating and only fractionally above the 50.0 no-change mark.
2020-05-04
Myanmar Manufacturing PMI Drops to Record Low
The IHS Markit Myanmar Manufacturing PMI dropped to 45.3 in March 2020 from 49.8 in January. The latest reading pointed to the steepest contraction on record in the sector, amid severe damage caused by a global virus outbreak. Four of the headline figure’s five components posted record lows: output, new orders, stocks of purchases and suppliers’ delivery times – and the fifth, employment, was the second-lowest on record. Longer supplier delivery times reflected shutdowns at Chinese supplier, but this softened the fall in the headline PMI. Regarding prices, input prices fell for the first time in the survey history, while manufacturers cut their own prices at a series-record pace. Going forward, sentiment weakened to its lowest since the series began in December 2015, reflecting firms’ concerns around the economic fallout from the pandemic.
2020-04-01

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.