Indonesia: Manufacturing PMI increases in June
The S&P Global Manufacturing Purchasing Managers’ Index (PMI) rose to 52.5 in June from 50.3 in the prior month. Consequently, the PMI moved further above the 50-threshold that separates improving from deteriorating conditions in the manufacturing sector compared to the previous month.
Output and employment growth accelerated in June, while new orders rebounded. Additionally, optimism for the coming 12 months strengthened. On the price front, cost pressures softened to the lowest level since October 2020, while output prices fell for the first time in 32 months.