The IHS Markit Myanmar Manufacturing PMI decreased to 44.6 in November of 2022 from 45.70 in the previous month, signalling the second-fastest decline in the health of the manufacturing sector in the current seven-month run of contraction. Both output and new orders contracted at a faster pace with ongoing material scarcity and power shortages, while employment fell with the latest round of the job shedding the fastest since October 2021.Turning to prices, input cost inflation rose due to higher raw material prices and currency weakness. As a result, output cost inflation accelerated. Finally, business sentiment remained subdued amid material shortages, power outages and currency weakness. source: Markit Economics
Manufacturing PMI in Myanmar averaged 47.49 points from 2016 until 2022, 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 December of 2022.
Manufacturing PMI in Myanmar is expected to be 47.00 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 51.00 points in 2023 and 50.00 points in 2024, according to our econometric models.