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.