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.

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Myanmar Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 44.60 45.70 points Nov 2022

Myanmar Manufacturing PMI
The S&P Global 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.
Actual Previous Highest Lowest Dates Unit Frequency
44.60 45.70 55.50 27.50 2016 - 2022 points Monthly

News Stream
Myanmar Factory Activity Shrinks at Faster Pace
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.
2022-12-01
Myanmar Manufacturing Shrinks at Softer Rate
The IHS Markit Myanmar Manufacturing PMI came in at 45.70 in October of 2022, pointing to a softer rate of contraction in the sector, following a 14 month low of 43.10 in the previous reading. Output fell as the weakest pace in three consecutive months and the downturn in order book volumes softened during October. Meanwhile, the rate of job shedding quickened on the month to the fastest in the current four-month series of decreases amid falling business requirements and buying activity declined slightly as firms remained reluctant to increase the buying levels. Supply chain pressures has a noticeable improvement as average lead time increased to the smallest degree for eight months. Looking ahead, sentiment improved slightly and recorded as the most positive sentiment since May.
2022-11-01
Myanmar Manufacturing PMI Lowest in A Year
The S&P Global Myanmar Manufacturing PMI fell to 43.1 in September 2022 from 46.5 in the prior month. This was the fifth straight month of contraction in the manufacturing sector and the steepest pace in a year, amid lingering political turmoil, the impact of the COVID hit, and surging prices. Output and new orders both shrank at the sharpest rates since August 2021, and firms continued to cut back on purchasing activity. Staffing levels were also reduced, but the rate of job shedding was the softest in the current three-month sequence of contraction. That said, the rate of accumulation in outstanding business hit a survey high amid raw material shortages and delays. At the same time, delivery times lengthened with average lead times being the greatest extent on record. On the prices front, inflationary pressures mounted, as both input and output price inflation rates hit record highs. Lastly, sentiment stayed subdued.
2022-10-03