Indonesia: Manufacturing PMI edges up in April
May 4, 2016
The manufacturing Purchasing Managers’ Index (PMI) rose from 50.6 in March to 50.9 in April, according to a release provided by Nikkei and Markit. As a result, the index now lies slightly further above the 50-threshold, which indicates expansion in the manufacturing sector. April’s reading marked the best result since July 2014.
April’s upturn came on the back of the strongest growth in new orders since September 2014. In addition, manufacturers added jobs in April and output increased, although only marginal gains were reported from last month. Markit commented that, “inflation rates remain negligible by historical standards, which should support manufacturers with their pricing strategies and hopefully underpin further demand growth.”