Myanmar Factory PMI Slips Back Into Contraction Territory

Myanmar manufacturing activity contracted in December following last month’s broad stabilization, survey data from IHS Markit showed Monday.

The factory Purchasing Managers’ Index dropped to 49.4 from 50.2 in November. The health of the sector has weakened in six of the past seven months.

A reading below 50 indicates contraction in the sector.

The marginal deterioration was driven by falls in output, new orders, employment and stocks of purchases, while a lengthening of average lead times was the only component to exert a positive influence on the headline PMI.

The material has been provided by InstaForex Company – www.instaforex.com

The post Myanmar Factory PMI Slips Back Into Contraction Territory appeared first on forexnewstoday.net.