ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Economy

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."

(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 July 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 the Nikkei Asian Review 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