Myanmar’s man­u­fac­tur­ing PMI rises in Jan­uary

Mizzima Business Weekly - - BUSINESS ALERTS -

The Nikkei Myanmar Man­u­fac­tur­ing Pur­chas­ing Man­agers’ In­dex, also known as PMI, in­creased to 51.7 in Jan­uary from De­cem­ber’s 49.4, re­ported the Nikkei Asian Re­view. The Jan­uary’s PMI is the high­est read­ing in 12 months. A read­ing above 50 sig­nals an im­prove­ment in eco­nomic con­di­tions, while a read­ing un­der 50 in­di­cates eco­nomic con­trac­tion.

Jan­uary’s PMI rise was sup­ported by growth in out­put, new or­ders and em­ploy­ment, re­ported the Nikkei.

The panel firms linked the rise in pro­duc­tion with the in­tro­duc­tion of new ma­chin­ery, ac­cord­ing to IHS Markit, which com­piled the sur­vey.

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