Indonesia manufacturing PMI hits 10-month high in April
TOKYO -- The Nikkei Indonesia Manufacturing Purchasing Managers' Index, or PMI, rose to a 10-month high of 51.2 in April from 50.5 in March.
A reading above 50 indicates economic expansion, while one below 50 points toward contraction.
"Indonesian manufacturers started the second quarter of 2017 on a strong footing as ongoing growth of new work urged businesses to step up production," said Pollyanna De Lima, an economist at IHS Markit, which compiles the survey.
"Another positive development shown by the PMI survey came from a turnaround in new export orders, which increased in April for the first time since last September," the economist said.
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