The manufacturing sector in Myanmar continued to contract in September, albeit at a slower pace, the latest survey from Markit Economics showed on Friday with a manufacturing PMI score of 41.1.
That’s up from 36.5 in August and it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Goods producers noted a thirteenth consecutive monthly decline in production volumes, which firms largely linked to factory closures, political disruption and the third wave of COVID-19 cases.
The overall fall was the softest in three months, but still much sharper than that seen across the long-term average. Firms reported a further decline in new orders during September marking a 13-month sequence of contraction.
The material has been provided by InstaForex Company – www.instaforex.com