TOKYO -- The Nikkei Myanmar Manufacturing Purchasing Managers' Index, or PMI, undershot a break-even level for the fourth consecutive month in September, signalling a further contraction in manufacturing activity.
The composite indicator of manufacturing performance stood at 49.4 in September, largely in line with August's reading of 49.3.
A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.
"September survey data indicated a further deterioration in manufacturing performance in Myanmar," said Sian Jones, Economist at IHS Markit, which compiles the survey. "Subdued business confidence persisted, with the degree of optimism about the year-ahead outlook falling to a series low," Jones added.
For more information, visit: