June survey data signalled no change in operating conditions on the previous month across Myanmar’s manufacturing sector. Sian Jones, Economist at IHS Markit who compiled the survey, said that this month’s data signalled an end to the recent eight month period of expansion across Myanmar’s manufacturing sector. Operating conditions were unchanged from May, with output growth slowing. Moreover, new orders contracted for the first time since August 2017. Meanwhile, input prices rose sharply driven by high demand for inputs from China and exchange rate movements. Panellists also stated that adverse weather conditions delayed supplier deliveries further.

Key Points:

• PMI dips to 50.0 in June
• Output growth eases to weakest since April 2016
• New orders contract for first time since August 2017

Source – IHS Markit

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