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.