The manufacturing sector in Myanmar fell sharply into contraction in September, the latest survey from IHS Markit showed on Thursday with a manufacturing PMI score of 35.9.
That’s down sharply from 53.2 in August, and it falls well beneath the boom-or-bust line of 50 that separates from expansion.
Output and new orders fell at rapid rates due to new lockdown measures, sending the index to its second-lowest score on record.
There was a marked reduction in the workforce as many factories closed temporarily.
The material has been provided by InstaForex Company