Tuesday October 01 2019
Myanmar Manufacturing PMI at 52.00
The IHS Markit Myanmar Manufacturing PMI was unchanged at a seven-month low of 52.0 in September 2019. Output growth eased to a six-month low and purchasing activity expanded the least since January, amid raw material shortages. Meanwhile, growth of new business quickened from that seen in August to a solid rate, and job creation rose the most in four months. Meantime, as has been the case in every month since June 2016, the level of outstanding business declined, with the rate of backlog depletion slowing slightly, but solid overall. Also, supplier performance deteriorated further, extending the current sequence of longer delivery times to over two years. On the price front, input price inflation was the slowest since March, while average selling prices increased at the steepest pace since November 2018. Lastly, sentiment fell to its lowest in five months.