Indonesia: Manufacturing PMI returns to expansionary territory in January
February 1, 2017
Indonesia’s manufacturing industry returned to expansionary territory in January for the first time in four months. The Manufacturing Purchasing Managers’ Index rose from 49.0 in December to 50.4 in January, climbing above the 50-point threshold which indicates expansion in the manufacturing sector.
According to the release provided by Nikkei and IHS Markit, January’s reading was supported by an increase in order books related to successful marketing and improving client confidence. Meanwhile, jobs fell at the fastest rate in four months, largely as a result of technological progress in some factories. Also moderating January’s result was the ongoing fall in outstanding business, which decreased for the thirty-second consecutive month.
Author: Christopher Thomas, Economist