Myanmar Manufacturing PMI

The IHS Markit Myanmar Manufacturing PMI decreased to 49 in October 2023 from 50.1 within the earlier month. The newest studying pointed to the primary contraction within the sector since January, as each output and new orders shrank for the second straight month and at a sooner tempo. In the meantime, employment declined for the fifth straight month, with backlogs accrued at one of many quickest charges on report. Buying exercise fell for the fourth consecutive month whereas provider’s supply instances lengthened, amid difficulties in acquiring import licenses, materials shortages, and visitors at customs. Turning to costs, enter price inflation slowed to the softest within the 12 months thus far, amid weakening demand. In the meantime, output price inflation eased to a nine-month low. Lastly, enterprise sentiment remained muted amid international headwinds. supply: Markit Economics

Manufacturing PMI in Myanmar decreased to 49 factors in October from 50.10 factors in September of 2023. Manufacturing PMI in Myanmar averaged 47.95 factors from 2016 till 2023, reaching an all time excessive of 57.40 factors in April of 2023 and a report low of 27.50 factors in March of 2021. This web page gives – Myanmar Manufacturing Pmi- precise values, historic knowledge, forecast, chart, statistics, financial calendar and information. Myanmar Manufacturing PMI – knowledge, historic chart, forecasts and calendar of releases – was final up to date on November of 2023.

Manufacturing PMI in Myanmar decreased to 49 factors in October from 50.10 factors in September of 2023. Manufacturing PMI in Myanmar is anticipated to be 51.00 factors by the top of this quarter, in response to Buying and selling Economics international macro fashions and analysts expectations.

The S&P World Myanmar Manufacturing Buying Managers’ Index measures the efficiency of the manufacturing sector and is derived from a survey of 450 manufacturing firms. The Index is predicated on 5 particular person indexes with the next weights: New Orders (30 p.c), Output (25 p.c), Employment (20 p.c), Suppliers’ Supply Instances (15 p.c) and Inventory of Gadgets Bought (10 p.c), with the Supply Instances index inverted in order that it strikes in a comparable course. A studying above 50 signifies an enlargement of the manufacturing sector in comparison with the earlier month; beneath 50 represents a contraction; whereas 50 signifies no change.