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Financial News: Myanmar Manufacturing PMI Falls To Record Low -

Myanmar Manufacturing PMI Falls To Record Low - IHS Marketing

05/03/2020 - 21:15:00 (RTTNews)

(RTTNews) - The Myanmar manufacturing sector continued to contract in April, and at a sharply faster rate because of the Covid-19 pandemic, the latest survey from IHS Marketing revealed on Monday with a record low manufacturing PMI score of 29.0.

That's down significantly from 45.3 in March and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, several of the key sub-indices hit record lows, including output, new orders and employment.

Output expectations worsened considerably since March amid uncertainty caused by the virus.

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