Indonesia: Manufacturing PMI falls in May
The S&P Global Manufacturing Purchasing Managers’ Index (PMI) fell to 50.3 in May from 52.7 in the prior month. Consequently, the PMI moved closer to the 50-threshold that separates improving from deteriorating conditions in the manufacturing sector compared to the previous month.
Output and employment growth decelerated in May, while new orders contracted. Additionally, optimism for the coming 12 months weakened. On the price front, cost pressures softened to the lowest level in two-and-a-half years, while output price inflation cooled to a level well below the series average.