Manufacturing business conditions continue to deteriorate in December

Manufacturing business conditions continue to deteriorate in December

The latest IHS Markit Myanmar Manufacturing PMI for the month of December paints a contrasted picture of the sector, going up to 44.7 in December 2020 from 43.2 a month earlier, the fourth straight month of contraction in factory activity but the sof
Manufacturing PMI remains low but recovering

Manufacturing PMI remains low but recovering

IHS Markit Myanmar Manufacturing PMI increased to 43.2 in November 2020 from the second-lowest reading on record of 30.6 in October. Despite this increase, the indicator remains below 50 indicating a contraction in the sector, the 3rd straight month.