The manufacturing sector in Myanmar continued to contract in May, although at a slower rate, the latest survey from IHS Markit revealed on Monday with a manufacturing PMI score of 38.9.
That’s up from the record low 29.0 in April, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, new orders and output declined at their second-fastest rates since the survey began.
There were record falls in employment and stocks of finished goods, although [business][1] expectations recovered some ground since the April survey.
For comments and feedback contact: editorial@rttnews.com
[Economic News][2]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][3] to check out our [Econ Scorecard][3] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][4], [unemployment rate][5], [inflation][6] and much more.
- www.rttnews.com/Content/Business.aspx
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx