Myanmar’s manufacturing growth loses momentum in May

TOKYO — The Nikkei Myanmar Manufacturing Purchasing Managers’ Index, or PMI, fell to 52.6 in May from April’s series-record high of 55.5.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. The reading was still above the average for 2017 as a whole.

“The overall growth performance was hampered by slower upturns in output and new orders,” said Sian Jones, economist at IHS Markit, which compiles the survey.

“In line with greater demand for inputs and ongoing scarcity of resources, input prices rose markedly,” Jones added.(Nikkei)

For more information, visit:

http://www.markiteconomics.com/Survey/Page.mvc/PressReleases

Source: Nikkei Asian Review

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