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Nikkei PMI

Indonesia Manufacturing PMI eases in April

TOKYO - Indonesia's manufacturing sector activity eased in April due to slower expansion in output and new orders, according to a survey. 

The Nikkei Indonesia Manufacturing Purchasing Managers'Index, or PMI fell from 51.2 in March to 50.4 in April. Readings above 50 indicate an expansion while those below 50 points to a contraction.

While slower output growth and stagnant new orders weighed on the sector, export rose for the first time in nearly one-and-a-half years. Firms expanded their workforce numbers in April and continued to expand operating capacity. 

"The slowdown could be temporary," said Bernard Aw, Principal Economist at IHS Markit, which compiles the survey. "The latest PMI data is consistent with annual GDP growth rates of just over 5%." 

(Nikkei) 

For more information,visit IHS Markit website.

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