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Financial News: Myanmar Manufacturing Sector Accelerates In April - Nikkei

Myanmar Manufacturing Sector Accelerates In April - Nikkei

05/01/2019 - 20:55:00 (RTTNews)

(RTTNews) - The manufacturing sector in Myanmar continued to expand in April, and at a faster rate, the latest survey from Nikkei revealed on Thursday with a manufacturing PMI score of 53.7.

That's up from 52.4 in March, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there was a stronger improvement in operating conditions, while new order growth accelerated to a 12-month high.

On the price front, the rate of input price inflation accelerated following a scarcity of raw materials and higher supplier costs. The increase in input costs was subdued in the context of the series history.

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