The IHS Markit Myanmar Manufacturing PMI went up to 47.8 in January 2021 from 44.7 a month earlier. This was the softest pace of contraction in factory activity since an expansion in August 2020, amid factory closures due to ongoing COVID-19 restrictions. Output shrank for the fifth month in a row but at the weakest pace since September last year, while new orders fell the least in the current five-month downturn. Meantime, job shedding persisted, and buying activity dropped sharply as firms maintained their efforts to control inputs. Supply chain pressures continued to mount, with average lead times lengthening for the fifth month running. As for prices, input cost rose the most since November 2018, due to material shortages and higher transportation costs. Selling prices increased slightly, however, which indicated only a limited passing on of cost burdens to clients. Looking ahead, sentiment improved to an 11-month high but was still subdued in the context of historical survey. source: Markit Economics

Manufacturing PMI in Myanmar averaged 49.45 points from 2016 until 2021, 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 February of 2021.

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 52.00 in 12 months time. In the long-term, the Myanmar Manufacturing PMI is projected to trend around 52.00 points in 2022, according to our econometric models.

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Myanmar Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
47.80 44.70 55.50 29.00 2016 - 2021 points Monthly


News Stream
Myanmar Manufacturing Shrinks at Softer Rate
The IHS Markit Myanmar Manufacturing PMI went up to 47.8 in January 2021 from 44.7 a month earlier. This was the softest pace of contraction in factory activity since an expansion in August 2020, amid factory closures due to ongoing COVID-19 restrictions. Output shrank for the fifth month in a row but at the weakest pace since September last year, while new orders fell the least in the current five-month downturn. Meantime, job shedding persisted, and buying activity dropped sharply as firms maintained their efforts to control inputs. Supply chain pressures continued to mount, with average lead times lengthening for the fifth month running. As for prices, input cost rose the most since November 2018, due to material shortages and higher transportation costs. Selling prices increased slightly, however, which indicated only a limited passing on of cost burdens to clients. Looking ahead, sentiment improved to an 11-month high but was still subdued in the context of historical survey.
2021-02-01
Myanmar Manufacturing Shrinks at Softer Pace
The IHS Markit Myanmar Manufacturing PMI went up to 44.7 in December 2020 from 43.2 a month earlier. This was the fourth straight month of contraction in factory activity but the softest in the sequence, amid ongoing restrictions in key regions such as Yangon. Both output and new orders fell the least in the current four-month period of contraction. At the same time, employment dropped for the fourth month in a row, with the rate of contraction among the sharpest in the series history. Buying activity also fell markedly and slightly faster than that seen in November. Meantime, backlogs of works accumulated at the sharpest rate since the series began in December 2015. On the price front, input cost inflation hit its highest since November 2018, while firms passed higher cost burdens on to clients for the first time since February. Finally, sentiment strengthened to a six-month high.
2021-01-05
Myanmar Factory Activity Shrinks at Softer Pace
The IHS Markit Myanmar Manufacturing PMI increased to 43.2 in November 2020 from the second-lowest reading on record of 30.6 in October. Still, this was the third straight month of contraction in the sector, amid suspended factory operations and subdued demand conditions. Output, new orders, employment and purchasing activity all recorded sharp reductions. The backlogs of work indicator rose sharply since October, signalling renewed capacity pressures. At the same time, vendor performance deteriorated with pressures at supply chains accumulating. On the price front, input cost inflation accelerated, with material shortages often mentioned by panel members. At the same time, efforts to encourage sales were linked to a fall in factory gate prices. Finally, confidence remained subdued.
2020-12-01
Myanmar Manufacturing PMI Hits Second Lowest on Record
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.
2020-11-03

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.