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Myanmar s rapidly declining manufacturing industry amid Covid-19 case surges

A lot of manufacturing businesses and factories in Myanmar have closed and are closing with their workers having no chance but to return home, following surges in Covid-19 cases in the third wave. Output, new orders, purchases, employment, and postproduction inventories all fell at quicker rates, with declines that were amongst the quickest in the series history, according to

Canadian manufacturing growth hits 5-month low amid supply constraints

Reuters 2 minute read TORONTO, Aug 3 (Reuters) - Canadian factory activity in July grew at the slowest pace in five months as supply chain pressures brought on by the coronavirus pandemic weighed, according to data released on Tuesday, but the rate of expansion remained firm. The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) fell to a seasonally adjusted 56.2 in July from 56.5 in June. It was the lowest reading since February but still well above the 50 threshold which shows growth in the sector. Another robust improvement in operating conditions was seen across Canada s manufacturing sector in July, Shreeya Patel, an economist at IHS Markit, said in a statement. A further easing of virus-related restrictions and greater consumer confidence encouraged domestic demand.

Factories post slight expansion in July

Factories post slight expansion in July
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