Indonesia: Manufacturing PMI climbs to seven-month high in April
May 2, 2017
The Manufacturing Purchasing Managers’ Index rose from 50.5 in March to 51.2 points in April, a seven-month high. The index thus climbed further above the 50-point threshold which indicates expansion in the manufacturing sector.
According to the release provided by Nikkei and IHS Markit, new orders accelerated in April and fueled a robust expansion in output. Nonetheless, staff levels still decreased but at a softer rate than in March. Meanwhile, input costs rose further in April, partially fueled by the weakness of the rupiah against the U.S. dollar. Manufacturers were able to transfer some of the higher cost burden to selling prices, which rose at the fastest rate since December 2015.