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Myanmar PMI indicates unchanged conditions

TOKYO – Myanmar’s manufacturing sector showed no change in operating conditions in June, according to an industry survey. The Nikkei Myanmar Manufacturing Purchasing Managers’ Index, or PMI, decreased from 52.6 in May to 50.0 in June, while output charges increased at a marginal rate. A reading above 50 indicates economic expansion, while a reading below […]

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 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 […]

Why Myanmar’s government needs to do more to maintain economic growth

Myanmar’s economy is growing. In particular, the manufacturing and retail sectors are booming. However, the government must address significant challenges to maximise Myanmar’s growth potential. The manufacturing industry grew dramatically The government set bold industralisation targets. It wanted to promote manufacturing exports and lessen the country’s reliance on oil and gas. Industry, including manufacturing, contributed […]

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 […]

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 […]

Myanmar’s First Private Pharmaceutical Factory Opens in Dagon Seikkan Township

Myanmar’s first privately owned pharmaceutical factory opened its doors in Dagon Seikkan Town­ship, Yangon on the third week of July. Located in Industrial Zone 1, Pacific Medi­cal Industries Limited’s (PMI) facility is a two-story building that in­cludes offices, a quality control area, and a mas­sive 16,630 square meter manufacturing floor. In an effort to relieve […]