Myanmar’s Purchasing Managers’ Index (PMI) dropped slightly in January, according to a survey report published by S&P Global.
Myanmar’s PMI fell to 47.4 in January, 2025, from 50.4 in December, 2024. There were lower sales to manufacturers due to a decrease in goods orders in January, which led to the decline in manufacturing.
Manufacturing output improved in 2024 but it fell again at the beginning of the year, which reduced demand for Myanmar manufacturers’ products, Maryam Baluch, economist at S&P Global Market Intelligence, said. Despite the decline in orders and production, backlogs continued to build in January, which indicates that manufacturing companies in the country are still facing difficulties, according to the S&P Global survey.
Production delays have been caused by electricity availability in January, shortage of goods and labour, and on the other hand, production costs are still rising, the survey report said. PMI is published by S&P Global monthly based on responses to questions sent to manufacturing companies.
