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 50 points toward contraction.

“June survey data signaled an end to the recent eight month period of expansion across Myanmar’s manufacturing sector,” said Sian Jones, economist at IHS Markit, which compiles the survey.

“[N]ew orders contracted for the first time since August 2017,” Jones added.

Source: Nikkie

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