Myanmar’s manufacturing PMI rises to 51.1 in October

 

TOKYO — The Nikkei Myanmar Manufacturing Purchasing Managers’ Index, or PMI, rose to 51.1 in October from 49.4 in September.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.

“October survey data signalled the first improvement in manufacturing operating conditions since May. The return to growth was supported by strong upturns in output and new orders,” said Sian Jones, Economist at IHS Markit, which compiles the survey.

“That said, the level of outstanding business continued to deteriorate and contracted at the fastest pace since last November. Reflecting the lack of pressure on capacity, workforce numbers fell for the second month running,” Jones added.

 

Source: Nikkei Asian Review

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