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 […]

Myanmar’s manufacturing PMI rises to 49.3 in August

TOKYO — The Nikkei Myanmar Manufacturing Purchasing Managers’ Index, or PMI, rose slightly to 49.3 in August from 49.1 in July. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. The latest data marked the third consecutive month of contraction. “Higher raw material prices were commonly cited as the […]