Myanmar’s Manufacturing PMI Shows Strongest Manufacturing Growth in Eight Months

TOKYO — The Nikkei Myanmar Manufacturing Purchasing Managers’ Index, or PMI, improved to 51.7 in January from 51.1 in December.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. The January reading was the highest since May 2017.

“The latest upturn was supported by a strong expansion in new orders and a faster rise in output levels,” said Sian Jones, economist at IHS Markit, which compiles the survey.

“Despite stronger client demand and planned expansion into new markets, firms remained subdued with regards to the year-ahead outlook,” Jones continued. “Moreover, business confidence slipped to a three-month low and remained much softer than the peaks seen in early 2016.”

 

Source: Nikkei Asian Review

 

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