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Economy

Myanmar's manufacturing PMI shows slower overall improvement in December

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

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. Although lower than the previous survey period, the December reading was broadly in line with the average for 2017 (51.0) as a whole.

"Although new orders continued to grow and employment expanded marginally, backlogs contracted at the quickest pace since November 2016," said Sian Jones, economist at IHS Markit, which compiles the survey.

"Output expectations were subdued, but where optimism was reported panelists linked this to planned investment in machinery and expansion into new markets," Jones added.

(Nikkei)

For more information, visit:

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

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