TOKYO -- Operating conditions across the Myanmar manufacturing sector improved for the third month running in January. The latest data signaled a moderate rise in overall growth supported by sustained upturns in output and new orders. Despite a solid expansion in new work, business expectations among manufacturers remained historically muted.
The Nikkei Myanmar Manufacturing Purchasing Managers' Index, or PMI, fell from 52.5 in December to 51.9 in January. Nevertheless, the figure signaled a moderate improvement in the health of the manufacturing sector. This was the third successive rise in overall performance and the second-strongest since last May.
"Notably, price pressures eased significantly compared to those seen throughout 2018. The rate of input cost inflation dipped to a series low and resulted in the first fall in factory gate charges since July 2016," said Sian Jones, economist at IHS Markit, which compiles the survey.
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