5 January 2026
Myanmar’s manufacturing output experienced another decline in December, with expectations for growth in 2026 at their lowest level in a year, according to the S&P Global Myanmar Manufacturing Purchasing Managers’ Index (PMI) survey for December 2025.
The Myanmar Manufacturing PMI dropped to 50.6 in December, down from 51.4 in November 2025. This marks a four-month low, although it remains above the PMI midpoint of 50. The primary factor behind the decline was an increase in supplier lead times.
Other components of the index, including production, new orders, hiring, and inventories, also showed decreases, indicating already weak demand and challenging manufacturing conditions.
“Weak demand conditions, along with supply chain challenges such as longer lead times, volatile labor markets, and product shortages, are likely to make this another difficult year for companies. This trend is reflected in sector-wide sentiment, which has fallen to its lowest level in the past 12 months,” stated Maryam Baluch, an economist at S&P Global Market Intelligence.
Backlogs of input purchases have continued to decline significantly, as companies have been using their inventories to support production. These declines have been observed on a monthly basis throughout the last quarter of 2025.
Moreover, business expectations for output growth over the next 12 months gradually decreased in December, with sentiment hitting its lowest point in a year. Previous data indicated that almost all members anticipate output levels will remain unchanged in 2026. #Manufacturing Declines
#PMI #S&P Global Market Intelligence #mtnews
