ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Nikkei PMI

Myanmar's manufacturing PMI rises to record high in March

TOKYO -- The Nikkei Myanmar Manufacturing Purchasing Managers' Index, or PMI, improved to 53.7 in March from 52.6 in February. The reading was the highest since the survey began in December 2015.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. The overall upturn was supported by steep increases in output and new orders, with both rates of growth reaching series peaks.

"Although backlogs contracted strongly, manufacturing employment continued to rise with the rate of job creation accelerating to the fastest in ten months," said Sian Jones, economist at IHS Markit, which compiles the survey.

IHS Markit currently sees year-on-year GDP growth of 7.6% in 2018 for Myanmar. "In contrast, business confidence towards the year ahead output outlook remained muted in the context of the short series history," Jones noted.

(Nikkei)

For more information, visit:

http://www.markiteconomics.com/Survey/Page.mvc/PressReleases

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more