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Myanmar's manufacturing PMI shows fastest improvement since May

TOKYO -- The Nikkei Myanmar Manufacturing Purchasing Managers' Index, or PMI, rose to 51.6 in November from 51.1 in October.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. The latest index reading was the highest since May and indicated the second successive month of growth in the goods producing sector.

"Output expanded solidly and new orders increased at the fastest pace since April, supported by stronger client demand," said Sian Jones, economist at IHS Markit, which compiles the survey.

"On a more positive note, output expectations among Myanmar's manufacturers were the highest since January," Jones added. "Anecdotal evidence linked the substantial increase in optimism to greater investment and stronger client activity."


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