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Myanmar manufacturing PMI falls to 52.0 in May

TOKYO -- The Nikkei Myanmar Manufacturing Purchasing Managers' Index, or PMI, fell to 52.0 in May from 52.9 in April.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. The latest figure marked the fifth consecutive month of growth.

"Supported by strong expansions in output and new orders, operating conditions in the sector improved further," said Sian Jones, economist at IHS Markit, which compiles the survey.

IHS Markit forecasts Myanmar's overall GDP to increase by 7.1% this year.


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