The impact of Myanmar’s manufacturing industry continued to plummet in April, triggering a surge in production, production and consumption of COVID-19. Order availability According to the Nikkei Myanmar Manufacturing Industry PMI Index (Index of Purchasing Managers Index) for April 2020, the import and export inventories fell to a new record.
According to April data, the manufacturing sector in Myanmar has been slowing down as a result of the deepening of the COVID-19. Demand has run out of demand and workers have returned to their homelands and lost their jobs. New orders, Purchases of goods and workplaces fell at a new record. The positive outlook for the next 12 months is not negative, as the latest survey results show.
The Myanmar PMI slumped from 29.3 in March to 29 in March, signaling a sharp decline in production in Myanmar. The PMI index, which dropped to a 16.3 month-on-month decline, fell from March’s 4.5 percent in March, the biggest decline seen since December 2015.
Manufacturing, which is up to 75% in PMI calculations; New orders and jobs fell to a record low in April. The supply periods have been longer, with the overall decline in the PMI index continuing, but less than the end of March. Lastly, the stockpiles of the PMI segment fell to the third fastest rate in the record.
About 80% of respondents reported that COVID-19 had stopped operations due to the spread of the epidemic because of the spread of theIDID-19 epidemic. Similarly, companies reported that production ceased in April, and workers lost their jobs in April. The lowest rates in the history of both surveys for manufacturing and employment indicators.
In April, many Myanmar manufacturing units stopped production, but those left in the industry continued to record record highs and a sudden drop in new employment. Unprecedented depreciation was also registered, and the record for the third consecutive month dropped.
Purchasing activity was significantly reduced in April, citing a record decline in new jobs. Purchases of imports declined at a record pace, with inventories dropping at the third fastest rate in the history of the survey. Delay periods continued to increase, but the delay was shorter than March.
Contrary to the fall, the average cost of imports from producers on the latest data on prices was the opposite. However, inflation has been relatively modest. In the meantime, demand for products manufactured during the five-month period has weakened in March but weakened in March.
Hv Markit, an economist at HIS Markit, which co-authored the survey, said: The global economic downturn continued in April and plummeted to 29. ”
The survey was based on the original data collected by HIS Markit, which is funded by the Japanese industry and supported by Nikkei Media Group.