The IHS Markit Myanmar Manufacturing PMI sank to 33.5 in July 2021 from 41.5 in June, pointing to the 11th straight month of contraction, amid a resurgence of COVID-19 cases and political instability following a military-staged coup in February that led to nationwide protests and factory closures. Output, new orders, purchases, employment, and postproduction inventories all fell at quicker rates, with declines that were amongst the quickest in the series history. Meantime, backlogs rose for the ninth month running, with the rate of accumulation being robust, and the second-quickest in the series to date. Turning to prices, raw material shortages and unfavorable exchange rate movements against the dollar contributed to a solid rate of input price inflation, standing higher than the long-run average. Firms often reported raising their selling prices in an effort to protect profit margins. Lastly, the degree of optimism remained much lower than the long-run series average. source: Markit Economics

Manufacturing PMI in Myanmar averaged 47.91 points from 2016 until 2021, reaching an all time high of 55.50 points in April of 2018 and a record low of 27.50 points in March of 2021. 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 August of 2021.

Manufacturing PMI in Myanmar is expected to be 35.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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
33.50 41.50 55.50 27.50 2016 - 2021 points Monthly


News Stream
Myanmar Manufacturing Deteriorates Further
The IHS Markit Myanmar Manufacturing PMI sank to 33.5 in July 2021 from 41.5 in June, pointing to the 11th straight month of contraction, amid a resurgence of COVID-19 cases and political instability following a military-staged coup in February that led to nationwide protests and factory closures. Output, new orders, purchases, employment, and postproduction inventories all fell at quicker rates, with declines that were amongst the quickest in the series history. Meantime, backlogs rose for the ninth month running, with the rate of accumulation being robust, and the second-quickest in the series to date. Turning to prices, raw material shortages and unfavorable exchange rate movements against the dollar contributed to a solid rate of input price inflation, standing higher than the long-run average. Firms often reported raising their selling prices in an effort to protect profit margins. Lastly, the degree of optimism remained much lower than the long-run series average.
2021-08-02
Myanmar Manufacturing Shrinks for 10th Month
The IHS Markit Myanmar Manufacturing PMI rose to 41.5 in June 2021 from 39.7 in May. Still, this was the tenth straight month of contraction in factory activity, amid political instability following a military-staged coup in February that led to nationwide protests and factory closures. Output shrank the least in five months, and employment fell at the softest rate since January. At the same time, the rate of drop in new orders was among the fastest in the 5-1/2-year history of the survey; while buying activity has now fallen in each month since March 2020. Vendor performance, meantime, deteriorated for the tenth consecutive month. Turning to prices, input price inflation remained elevated but eased from May's series high. Firms often reported passing on part of the burden with output price inflation the second-quickest on survey record. Looking ahead, sentiment improved from May's series low. That said, the degree of optimism was far below the long-run series average.
2021-07-01
Myanmar Factory Activty Shrinks for 9th Month
The IHS Markit Myanmar Manufacturing PMI rose to 39.7 in May 2020 from 33.0 in April. Still, this was the ninth straight month of contraction in factory activity, amid political instability following a military-staged coup in February that led to nationwide protests and factory closures. Both output and new orders fell at slower rates while employment shrank for the ninth straight month with workers continuing to return to their hometowns, and pre-and post-production inventories shrank at fresh record rates. Meanwhile, incomplete work rose with the rate of backlog accumulation the sharpest in the 5-1/2- year history of the survey. Also, material shortages remained evident, which were reflected in a near-record lengthening in suppliers’ delivery times. Regarding prices, both output and input prices rose at the fastest pace on record, amid strong inflationary pressures. Looking ahead, sentiment hit a series low.
2021-06-01
Myanmar Manufacturing Sector Shrinks at Softer Rate
The IHS Markit Myanmar Manufacturing PMI rose to 33.0 in April 2020 from a record low of 27.5 in March. Still, this was the eighth straight month of contraction in factory activity, amid political turmoil following a military-staged coup that led to nationwide protests and factory closures. Output, new orders, and buying activity all contracted at the fifth-fastest rates since the survey began in December 2015. employment fell for the eighth straight month, with the latest decline the fourth-sharpest in the survey history. Purchasing activity declined markedly again, despite e easing from March's nadir. Regarding prices, input price inflation hit its highest since November 2018, amid a combination of material shortages, unfavorable exchange rate movements and higher transportation costs, Meantime, selling prices increased modestly, amid a weak demand environment. Looking ahead, sentiment reached its lowest in over two years.
2021-05-03

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.