July PMI signals worsening business conditions

July PMI signals worsening business conditions

Following unchanged operating conditions in June, July survey data indicated the first deterioration in manufacturing performance since September 2017 among manufacturers in Myanmar. Fragile client demand was reflected in falls in output, employment, alongside a second successive decline in new business. “Input prices increased at the fastest pace since January 2017, amid reports from manufacturers citing further shortages of raw materials and unfavourable exchange rates. Output charge inflation also accelerated despite weak demand conditions.

 

Key points:

  • PMI indicates moderate deterioration in manufacturing operating conditions
  • Output levels fall for first time in ten months
  • Input prices rise at fastest pace since January 2017

Source- IHS Markit

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